The title is ominous message for tort victims and their attorneys who rely on money managers. The quote is self explanatory. What is with investors?
"Many investment professionals have developed a habit of forming expectations based on nothing more than extrapolation of short-term trends in the data, even when those extrapolations are inconsistent with market history or well-established economic relationships. This was a key element in creating the housing bubble - no price was too high and no bubble was recognized, because all that mattered was that prices were rising. The focus of analysts on the short-term ups and downs of economic and earnings reports has become such a mainstay of financial news that it's not at all clear to me that investors even recognize how devoid the current financial discourse is of real analysis.”
-- John Hussman PhD Hussman Investment Trust, weekly market comment, The Rubber Hits the Road
Structured settlements give you the dignity of a steady paycheck, tax leverage for those who need it, and a means to avoid the analysts' "Garb-AH-ge" so you can focus on getting on with your life.
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