Words from Capital Group’s former chairman: “We’ve been here before”
In times of market volatility, it’s easy to get wrapped up in the wild prognostications of pundits and so-called experts. Then again, it can be easy to get wrapped up in their prognostications when markets aren’t volatile. But the fact of the matter is that those predictions rarely come true, and even the ones that do come true usually don’t last very long. Cooler heads eventually prevail and markets recover in due time.
I listened to a webinar last week hosted by Capital Group, the parent company of American Funds. The attached PDF was one of the electronic “handouts” provided as part of the conversation. The text in it was written almost 50 years ago by the former chairman of Capital Group, Jim Fullerton, but the words are as true today as they were when written. In a news environment dominated by sensational journalism competing for eyeballs, it’s refreshing to have a calmer perspective.
Benjamin Sadtler, CFA, CFP®
The above article is for informational and educational purposes only. Neither the information presented nor any opinion expressed constitutes a recommendation or endorsement by Gore Capital Management nor Cantella & Co., Inc. of a specific investment or the purchase or sale of any securities