Kotok is a terrified bull

Count David Kotok as a “terrified bull.”

The chairman and chief investment officer of Sarasota-based Cumberland Advisors told a group of money managers in Naples recently that he's bullish on stocks, but investors need to be prepared for increased volatility.

Kotok, who was invited to speak at the CFA Society of Naples annual forecast dinner on Jan. 22, told the gathering that asset prices will continue to rise thanks to ultra-low interest rates in the U.S. and overseas.