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.
Written By: Morgan Housel