When the markets are going up day after day, week after week, and month after month, I get especially contemplative. I probably think way too much for my own good anyway, but it’s “worse” when the markets are doing nothing but making daily new highs.
I think it’s fairly common for folks to think about the fantasy of leaping back to their younger selves and giving them some kind of advice or counsel which would serve them well. I’m not talking about something silly and specific like “Buy Bitcoin in 2010 and never, ever sell it” but something more general. This may come off as super-cynical, but it isn’t really meant to be. These are honestly the must-have tips I would offer my younger self for persistent success in the post-1987 U.S. equity market:
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