J.P. Morgan puts out a quarterly ‘Guide to the Markets’, which isn’t really a guide to anything so much as it is a compendium of clever charts.
Like re-reading a good book and finding a new favorite subtlety, one chart in particular stuck out to me.
It stuck out to me because this is the secret that successful investors understand and accept, and underlies the errors that those who always seem to be on the wrong foot are making.
That’s it. That’s it right there. If you’re okay with being down about 10% at some point virtually every year, you can have the market returns. The market returns are quite good.
For email notifications, sign-up below.
[newsletters_subscribe list=”1″]