A Russian proverb constantly repeated by Ronald Reagan has never been more important for investors

Ronald Reagan Presidential Library During the Cold War, Ronald Reagan frequently repeated the Russian proverb: “trust but verify.” It’s a catchphrase that can as readily be applied to current investor behavior – if trusted, I don’t need to verify, but if I insist on verifying, there may not be much trust. Cominginto earnings seasoninvestorsquestionedthe resilience of corporate profits – after the past few years of disappointing earnings, there wasn’t much to trust. First-quarter ea...