Sadly, this illustration shows only what happens in markets on the way up and doesn’t show how the markets work on the way down. But you should get the idea.
Sometimes it’s better to turn around than to forge ahead.
It’s crucial that you select your clients, partners and counterparties with care.
A compelling narrative is crucial for sales but dangerous for trading and investing.
Obvious risks might be obvious for good reason.
Always beware of paying too much — especially for what you don’t need.
The markets often don’t make much sense.
Lots of information is worthless. It’s hard to tell the signal from the noise.
An ugly stock or fund can be a great opportunity. Sometimes they are ugly for a reason.
If you are going to add value, you can’t always follow the herd.