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Fort Collins, CO | I'd add that I think treating the markets as mostly random is useful in itself. At that point, one is relieved of the burden of guessing where the market is going. That leaves one with the task of measuring and mitigating risk, rather than predicting market direction. While measuring and mitigating risk is no easy task, I think it's easier than guessing market direction. Imagine getting to the point where you barely care about the news or the charts because you treat it all as random noise on which your bottom line isn't that dependent. | |
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