Six Things to Learn from the Financial Crisis [View article]
Lesson one: don't invest in something yu don't understand. Bank balance sheets fall into that category, along with CMOs; 2. Don't fight the Fed; 3. The trend is your friend to the end; 4. "markets can stay irrational longer than you can stay solvent"
Six Things to Learn from the Financial Crisis [View article]
2. Don't fight the Fed;
3. The trend is your friend to the end;
4. "markets can stay irrational longer than you can stay solvent"