The Four Stages of Investment Knowledge [View article]
Very well put. If the market never declined, then the risk/reward equation for securities would be greatly reduced. Short-term losses on a portfolio can be painful, but the long-term growth potential is amazing. I like your idea of "market tuition."
Economics of Oil Futures Trading, Part I [View article]
Well put. This is exactly how my professors taught me that the market works. The Futures are the most democratic forum ever invented since the price represents and reacts to the sum of all the trader's expectations and decisions. Both Bulls and Bears.
Simply put, if one thinks that the pricing is wrong, place your vote by putting your money where your mouth is.
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Economics of Oil Futures Trading, Part I [View article]
Simply put, if one thinks that the pricing is wrong, place your vote by putting your money where your mouth is.