The Four Most Dangerous Words in Investing

In the financial and larger economic world, there can be few fields of human endeavor in which history counts for so little as in the world of finance. For this reason, reasonable concerns are regularly dismissed when bull markets get going. What appears in their place is often intellectual justifications for valuations that exceed historic norms. On october eleventh 19 87, anice wallace described this phenomenon in an article in the new york times titled why this market cycle isn't different. Optimistic thinking was being embraced at the time to justify unusually high stock prices,. But they should treat them with the same consideration they give the checks in the mail. No matter what brokers or money agers say,