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Here’s an important lesson in investing.

We come at this with all these fancy tools and numbers to try and make sense of something that is, at root, almost purely chaotic.

As investors, we try desperately to rationalize something that’s as solid as the breeze.

You can be slowly wrong, wrong, wrong for a long time and then suddenly be right.

The words on a memorial to Sigmund Freud read, “The voice of reason is small, but very persistent.”

Posted by on October 25th, 2011 at 11:21 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.