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Market extremes became the norm in 2021 — but with extremes come violent corrections

As 50% corrections in high-flying equities become more commonplace, protecting long exposure becomes more vital

Jim Neumann, CIO of Sussex Partners, asks whether elevated asset prices at a time of uncertainty could spell trouble for investors
Jim Neumann, CIO of Sussex Partners, asks whether elevated asset prices at a time of uncertainty could spell trouble for investors Photo: No Credit

Jim Neumann is the CIO of Sussex Partners

“People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth,” wrote Edwin Lefèvre in Reminiscences of a Stock Operator, a novel based on the life of speculator Jesse Livermore.

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