My friend and one of my fave investing columnists Morgan Housel continues to outdo himself on the Wall Street column he occasionally writes. This week’s missive is particularly good – as it concerns a pet topic of mine, investor behavior…
The S&P 500 is up 167% in the past five years, including dividends.
It could easily be one of the best five-year investing periods you will ever experience.
When markets surge as much as they have, not getting overly excited and keeping your expectations in check are two of the most important things any investor can do.
Investing is emotional. It tests your patience, your ability to handle adversity, your gullibility and your analytical skills. It can have a profound impact on your quality of life.
The stock market is, in other words, a petri dish for studying human behavior—and is a great place to learn about yourself. Here are four things it has taught me: