Quote of the day by Arthur Zeikel: "Investors must appreciate that, while there is a pattern to events, no pattern is perpetual. The more widely held the belief in the persistence of a current trend, the less likely it is to continue"

Financial markets often appear to move in recognisable cycles. Bull markets give way to bear markets, economic expansions are followed by slowdowns, and sectors that lead for years eventually lose momentum. Arthur Zeikel's insightful observation serves as a timeless reminder that while history may rhyme, it never repeats itself indefinitely.

The Danger of Believing in Permanent Trends