Six Lessons for Investors

Be diversified and don't assume past performance will continue.
By JOHN C. BOGLE
"There is almost no limit to the ability of investors to ignore the lessons of the past. This cost them dearly last year. Here are six of the most important of these lessons:

1) Beware of market forecasts, even by experts
2) Never underrate the importance of asset allocation.3) Mutual funds with superior performance records often falter.
4) Owning the market remains the strategy of choice.
5) Look before you leap into alternative asset classes.
6) Beware of financial innovation." continue reading

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Thought for the day ~~ Indecent Obsession in love and duty

"The last lines in the book read: ''Nurse Langtry began to walk again, briskly and without any fear, understanding herself at last. And understanding that duty, the most indecent of all obsessions, was only another name for love.'' Neither the sentiment expressed nor the suggestion that Nurse Langtry finally understands herself is convincing; nevertheless, Colleen McCullough is able to make the reader care about Sister Langtry, who, despite herself, is a vibrant enough character to make the book enjoyable and worth reading. "
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