You are here

CPI as the

Just 3 Things: Stocks "Are Not Magical Lottery Tickets"

Just 3 Things: Stocks "Are Not Magical Lottery Tickets"

Submitted by Lance Roberts via RealInvestmentAdvice.com,

What Drives Returns

A little over a year ago, John Coumarianos penned a very interesting note with respect to the view that it is just “volatility” is driving prices.

“The great economist John Maynard Keynes once said: ‘Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.'”