Electionitis
October 16, 2019 -Every four years or so we find that reliable long-term investors become susceptible to a pernicious disease I like to call electionitis. This election cycle it seems to be getting an early start.
I believe electionitis is a contagious virus which cannot be treated with typical antibiotics. The major symptom of electionitis is that it causes otherwise rational investors to believe that cash is the only appropriate investment until the next election is over and “things settle down.”
