16 Rules for Investors to Live By

A great list of fundamental and often overlooked truths.

Steve Fisher, CFP and partner at Independent Wealth Management says number 6 is one of his favorites.

6. Things change quickly and more drastically than many think.

Example: Fourteen years ago, Enron was on Fortune magazine’s list of the world’s most-admired companies, Apple was a struggling niche company, Greece’s economy was booming, and the Congressional Budget Office predicted the federal government would be effectively debt-free by 2009. There is a tendency to extrapolate the recent past, but 10 years from now the business world will look absolutely nothing like it does today.

Read Full Article Here…

Written By: Morgan Housel

WSJ.com

 

December 5, 2014 In: Current Affairs, Financial Articles Comments (None)