Strategy I: On the Right Track. What could go right or wrong over the rest of this year? The year is half over. It has been an annus horribilis so far. Will it continue to be so during the second half of the year? Or will we see a gradual improvement that might set the stage for an annus mirabilis in 2023? The only investment strategies that have worked out well so far this year have been ones that focused either on capital preservation or on shorting stocks and bonds. These may continue to outperform long-only strategies for a while longer, though we think that the stock and bond market selloffs have created excellent buying opportunities for long-term investors.
Jul 1, 2022 • 11 min read