The tweet was deleted by the author.
But we saved everything 🙂.
Hanno Lustig suggests that investors may benefit from ignoring day-to-day fluctuations in their 60/40 portfolios. Instead, he recommends closing your eyes to daily performance checks, implying a long-term investment perspective.
The tweet underscores the challenges of reacting to short-term market volatility and suggests patience can be a more effective strategy for portfolio management.
Lustig has previously commented on policy-driven market outcomes. He noted that Japan’s sovereign wealth strategy is funded at below-market rates through the Bank of Japan. He also stated that pandemic-era low rates contributed to higher housing prices and made it harder for young buyers.