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"Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times."

— William Forsyth Sharpe
william forsyth sharpe Quotes Investment,Investing,Bad Times

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William Forsyth Sharpe
Investment
Investing
Bad Times

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The cost of performing well in bad times can be relative underperformance in good times.

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For artists it's a lot easier to make art in bad times than it is in good times. When you've got no money it's easy to just drink your way through it and make great art. But if you're making lots of money it can be very problematic.

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