Investing Is as Much About Psychology as It Is About Numbers
After more than 40 years as an investment adviser, I have come to believe that the biggest investment mistakes are rarely caused by a lack of intelligence. They are usually caused by emotion. When I started my career at Merrill Lynch, I thought success would mostly come from understanding markets, companies, and economic trends. Those […]
Why Every Market Cycle Leaves Behind New Lessons for the Next Generation of Investors
Every Market Tells a Story After more than 40 years in the investment business, I have lived through enough market cycles to know that no two are exactly alike. Each one has its own causes, its own headlines, and its own challenges. Some begin with economic problems. Others are driven by unexpected global events, changing […]