Investors irrationally focus on lagging indicators like CPI and unemployment despite their backward-looking nature, likely because they are the most publicized and easily understood metrics rather than because they are predictive.
causalpending
Speaker
Richard BernsteinEvidence Quote
“investors... have an amazing fascination with lagging indicators”
Source
The Colossal Mistake | The Danger of Narrow Markets — Practical Lessons from Richard Bernstein— Excess ReturnsCreated: 8/11/2026, 7:31:42 AM
My Notes
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