The Cost Of Perfect Crystal Balls

Last week, we discussed the first three of a total 12 lessons that the markets taught us in 2014 about prudent investment strategies. Today we’ll cover lessons Nos. 4 through 6.

Many of these lessons appear year after year. But a lot of investors simply fail to learn from them, and instead repeat the same mistakes. That’s why—as I’ve observed before—one of my favorite sayings is that there’s nothing new in investing, only investment history you don’t yet know.

Lesson 4: Sell in May and Go Away is the Financial Equivalent of Astrology

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