As I thought about the ten lessons I would reflect on in 2021, I realized this would be a difficult exercise. Possibly pointless. That’s because lessons are timeless, but annual observations are ephemeral. Markets are a game where the rules are constantly changing.
Annual lessons are just observations of a moment in time. In 1995, you would have observed that it paid to buy the most expensive stocks. That would have…
Annual lessons are just observations of a moment in time. In 1995, you would have observed that it paid to buy the most expensive stocks. That would have…
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