More 2015 Investor Lessons

Earlier this week, we began discussing 10 important lessons that the markets taught us in 2015 about the prudent investment strategy. In lessons one through three, we explored active management as a loser’s game, the “conventional wisdom” about the correlation between the economy and the stock market, and the “Sell in May” myth. Today we’ll pick up with lessons four through seven.

Lesson 4: Inflation Wasn’t, and Isn’t, Inevitable
One of the most persistently asked questions that I’ve received since 2009 has been some version of the following: What should I do about the inevitable rampant inflation problem we’re going to face because of the huge fiscal and monetary stimulus that’s been injected into the economy?

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