I’m a pretty smart guy. Magna cum laude from a top business school, full VP at a major brokerage firm by the age of 27, in the top 1% on standardized tests. That’s part of the hubris thing I wrote about 2 weeks ago. But what about all the millions of people who graduated summa cum laude, were multimillionaires by 27, or who are in the top ½% in terms of IQ? I’m guessing that a few thousand of those are in the investments business. That’s the humility part of my equation, and the reason I don’t pretend to be smarter than the market and tell it what it should or should not be doing.
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“Dance with the one that brung you” is one of the many colorful sayings that I enjoyed learning, growing up in the investments world of the ... Log in or subscribe to continue reading.
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