Quote of the day by Charles Ellis: "There’s an old market saying about stocks to the effect that they all go down together"

The article features a quote from investment expert Charles Ellis noting that stocks typically decline together during market downturns. It explains how investor sentiment drives higher correlations during crises, reducing the benefits of diversification. The piece advises long-term investors to stay disciplined, noting that such phases are temporary and often followed by recovery in fundamentally strong companies.