Market Analysis

At times like this, I like to reflect on some of the timeless lessons I have learned over my 20-year investing career.

I find the generally negative consensus reassuring to my contrarian prediction for 2019: The U.S. stock market will rebound by at least 20% over the next 12 months.

Investors who hunt with a rifle not a shotgun – making concentrated investments rather than overdiversifying – still have winners to brag about this year.

What does a portable coffee maker have to do with the stock market? I’ll tell you…

Here’s a fundamental insight they don’t teach you in any finance textbook: The biggest challenge of investing is managing your own psychology.

Wall Street is the only market where the customers won’t buy when the merchandise goes on sale.

Corrections are as much about managing your psychology as they are about managing your money.

You aren’t likely to beat the market by guessing when to be in and when to be out, but it is possible to beat it another way.

Intelligent money management is not about predicting what the market will do but rather about limiting the amount of guesswork in your approach.

I’ve learned that Armageddon can be postponed time and time again. But it may be time to sound the alarm.