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Psychology of the Investment Cycle

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How does psychology impact public markets? What can past bubbles teach us about where we are in the investment cycle today? Check out what our CIO, Itay Vinik, has to say.

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Past performance is not indicative of future results and an investment in an investment fund involves the risk of loss. The investment fund is speculative and involves a high degree of risk. The information contained herein is as of the date indicated, not complete and is subject to, and qualified in its entirety by, the more complete disclosures, risk factors, and other terms and conditions contained in the respective offering documents of the respective investment funds.

Before investing in the fund, you should thoroughly review the offering documents with your legal, tax and investment advisors to determine whether an investment is suitable for you in light of your investment objectives and financial situation. An investment in the fund is not suitable for all investors. Performance results are net of all fund and investor adviser expenses and incentive fees, and reflect the reinvestment of interest, capital gains and other earnings. Performance results for 2022 and all subsequent periods are unaudited and are subject to adjustment. The returns shown may vary from the returns for each individual investor based on the timing of capital contributions and/or different fee arrangements.

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