You Can’t Control The Waves…
“You can’t control the waves, but you can learn to surf.” Investors needs to learn to “surf” whatever the market throws at them.
“You can’t control the waves, but you can learn to surf.” Investors needs to learn to “surf” whatever the market throws at them.
An overemphasis on statistics leads to poor conclusions and poor decisions. When numbers replace thought, bad outcomes abound. It certainly happens in investing.
My thoughts on investing have shifted over the years. New ideas consistently challenge me and force me to question my assumptions. The biggest: is there skill in investing?
Right and wrong are cyclical. For some (me and you) more than others (Warren Buffett). But an ideal portfolio never feels “wrong.”
Can the current CAPE ratio help us predict the future stock market return?!
I came across this chart two weeks ago and I stopped in my tracks.
The market’s returns aren’t promised. The sequence of returns might not work in your favor. But you can still be a successful investor.
Life is nothing more than learning about the past to infer about the future. If only that worked for investing. But past performance does not predict future returns.