It's fine to make a bet on a sector, but you should know what bets you're making. The biggest lesson this year is diversification. What that means right now is to have exposure to a lot of major market sectors and not just chase health care because it did well.
More Quotes from Scott Cooley:
This year, with the Fed cutting rates, people are getting bullish on the prospects of these companies making their debt payments.Scott Cooley
They're run by the same management team, and their argument for choosing airline stocks is that air travel is likely to build over time. I guess this goes to show how even that well-built hypothesis can be vulnerable.
Scott Cooley
Those subtle differences (in returns of index funds) make a big difference over the long term.
Scott Cooley
When you think back in the last couple of years, there have been so many unexpected twists and turns in the market. It really makes sense to stay diversified.
Scott Cooley
I can't think of many managers who like studio stocks. It's a business with pretty uncertain returns. You can lose your shirt making a handful of movies.
Scott Cooley
My confidence in them would not be shaken by what's happened over the past month or so.
Scott Cooley
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