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TIP562: How to Cope With Market Cycles
We Study Billionaires - The Investor’s Podcast Network
The Importance of Humility in Investing
No sector or asset class can outperform the market into perpetuity and no investment strategy is likely to continue to work well all the time. Once a certain segment produces unusual profitability it's going to attract incremental capital until it becomes overcrowded and fully institutionalized. On the flip side assets that perform poorly for a while they'll become so cheap due to their depressed prices and lack of investor enthusiasm they will be primed to outperform on a relative basis.
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