Trading and Investing Insights
@TMFHousel reminds us that present reality is a combination of many possibilities and chance. Forecasts should be used as rough guidelines AT BEST.
Even if a forecast is right, it’s still difficult to outperform. This excerpt from a Howard Marks memo explains it well.
How investors and advisors can prepare for a cycle of lower returns via @michaelbatnick
Trading and investing are marathons. You can’t be discouraged by losses.
This reminds me of a famous Winston Churchill quote:
“success consists of going from failure to failure without loss of enthusiasm”
One of the first things any market participant must understand is that the stock market is a large complex system of incentivized individuals. To that point, @ReformedBroker notes ‘there is no they’.
The next time someone says technical analysis only looks at the past, you now know what to say. Via @allstarcharts
Perspectives
China ends its policy that brokers have to buy more than sell.
This is a great way to look at recessions via JP Morgan
Looking for Holiday gifts for traders or investors? Check out @michaelbatnick’s list of essential investing reads.
A look inside one of Amazon’s fulfillment centers.
There is plenty to be learned about how and why VCs didn’t initially accept Alibaba.
Quote of the week:
Thanks for reading!
Twitter: @ATMcharts
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
