Opening Statement from November Intelligent Investor (Part 1)

Originally published on November 4, 2013 (November 2013 Intelligent Investor, Opening Statement Part 1)

As previously discussed, the recent sell off in bonds has been due to the outlandish response to statements made by the Fed. Regardless of the fact that both the Federal Reserve and investors blew it, the fact is that the only thing that matters is the perception of investors. Much like everything else, in the investment world, perception and expectations are everything.