Investment Strategy For All Seasons: The 'No Strategy' Strategy

Investment strategy has only recently come into vogue on Wall Street. Once upon a time the major investment houses employed brokers, traders, technicians of various types and even economists, but no strategists per se. The "market strategist" came to the fore as demand increased among the firms' clients for a sense of what to do as markets changed tack. They wanted a plan, even if the plan changed often. You can blame the news media for this trend, in part. The media runs on change, on the idea ...