Highlights
- Western culture clings to the notion that 'crisis' in China means the presence of 'danger' and 'opportunity'.
- The proper interpretation, however, is the presence of 'danger' and 'potential change', be it good or bad.
- Fortunately, the recent volatility 'crisis' left no lasting 'change' in its wake, so we retain the view we had before volatility erupted: 'buy weakness'.
- Expect volatility to remain elevated into the fall, much like aftershocks following an earthquake, but don't let that deter you from patiently buying. . .
