Roben Farzad’s article at BusinessWeek the other day about investors being better off sitting tight than reenacting the Stock Market Civil War day after day was a good read.
Your boy has a quote in it:
Indeed, on that total-return basis, including reinvested dividends, the S&P 500 set new all-time highs last year. As Josh Brown, the tweet-happy “Reformed Broker,” succinctly put it: “And Then We Erased 2008.” The hardened Long Islander offered rare, tender handholding: “At a certain point,” he wrote, “it’s okay to stop licking one’s wounds and reliving the horrors of the past—while retaining the lessons learned and the wisdom hard-earned through experience. Move on, the markets have.” (Here are Brown’s lessons from 2012.)
Read it all here…