Abet Chichi2

[rossi]

Bill Miller.
Investors seem to be obsessed just now over the question of whether we will go
into recession or not, a particularly pointless inquiry. The stocks that
perform poorly entering a recession are already trading at recession levels.
If we go into recession, we will come out of it. In any case, we have had only
two recessions in the past 25 years, and they totaled 17 months. As long-term
investors, we position portfolios for the 95% of the time the economy is
growing, not the unforecastable 5% when it is not