“If Trump wins, I’m leaving the country. If Hillary wins, I’m leaving the country. This is not a political post; I just want to travel.”
-ANONYMOUS
INTRODUCTION
Stop the presses! Writing a weekly newsletter is an interesting exercise in time-management,
“Impressive scholarly research has demonstrated that the government spending multiplier is in fact negative, meaning that a dollar of deficit spending slows economic output.”
-Economist and bond manager extraordinaire, LACY HUNT
“And you experts in the law, woe to you,
“Each generation will reap what the former generation has sown.” -CHINESE PROVERB
“If everybody is thinking alike, then somebody isn’t thinking.” -GENERAL GEORGE PATTON
INTRODUCTION
This month’s Gavekal-authored version of the Evergreen Virtual Advisor addresses what seems to be on everyone’s mind these days—you guessed it: The US presidential election.
“We can’t solve problems by using the same kind of thinking we used when we created them.”
-ALBERT EINSTEIN
INTRODUCTION
In this month’s edition of our Gavekal-authored EVA, we are giving readers a sample of three different views from our partner firm.
“Just because a reversal of something unsustainable hasn’t happened yet doesn’t mean it won’t.”
-Seth Klarman, one of the most successful investors of the last 30 years.
“There is too little economic risk-taking and too much financial risk-taking.”
-Christine Lagarde,