Over the weekend I saw an article in which the author wrote a letter to her younger self, offering home buying advices that can only drawn from experiences. I find the article interesting. I thought about myself ten years ago. What have I learned over the years as an investor that I wish I knew then? What advices would I like to give my younger self?
Like wine, the knowledge about the stock market only gets better with time. As the market collectively doubted the old wisdom in the “new economy” era of the late 90s, the law of economics ultimately took over. As the old saying goes, the more it changes, the more it remains the same. The cumulative wisdom from the history and personal experiences can always help us deal better with Mr. Market, no matter what new tricks he pulls out of his hat.
Like wine, the knowledge about the stock market only gets better with time. As the market collectively doubted the old wisdom in the “new economy” era of the late 90s, the law of economics ultimately took over. As the old saying goes, the more it changes, the more it remains the same. The cumulative wisdom from the history and personal experiences can always help us deal better with Mr. Market, no matter what new tricks he pulls out of his hat.
