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Rekenthaler Report

What’s Your Investment Faith?

Surfacing the reasons for owning long-term assets.

Belief Systems
In "The Active Dangers of Passive Investing," on a website serving financial advisors called Advisor Perspectives, guest columnist Vitaly Katsenelson writes:

"If you own the S&P 500 (or long-term bonds), you implicitly think one of several things is true: 1) Interest rates have a zero or insignificant probability of going up; 2) I'll be able to get out in time; or 3) I have a life-sized statue of John Bogle in my living room, and I have a very, very, very long time horizon."

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