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A watched pot never boils

Slightly out of context but the quote points to watching something continually, can make it feel like it is never going to happen – in this case boil.

Investment markets can feel the same way.

The answer to the question, ‘is a correction coming?’ is ‘ALWAYS’.

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Investor Letter

Over the last 40 years interest rates have largely been on a downward trajectory as governments separated central banks from political influence, and refocused them on broader objectives linked to employment, inflation, and currency stability.

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