YahooFinance-Bloomberg/Ye Xie/5-4-2022
“’I believe we are in the biggest bear market in my life,’ said [David] Wright, co-founder of Sierra Investment Management, which oversees about $10 billion. ‘This is just the second inning. A lot more to come.’”
USAGOLD note: At 78, Wright is known for avoiding losses in past sell-offs. He says the next will be the big one. He has moved more than half his fund of funds to cash.
