This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.
Barry RitholtzUnlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don't go to zero) and a higher probability of average or better returns.
Barry RitholtzI find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.
Barry Ritholtz