The one true secret to successful investing
“Sure, everybody knows that with higher expected returns comes the bigger risk of loss. But time and time again investors put this most basic rule to the test in a kind of bull-market delirium. That explains the last blood-curdling year in investing, the last 15 years, and even the last thousand years.”
USAGOLD note: We pass this along simply because it includes the principles of sound money management that too many have forgotten or pushed aside over the last several years. The free money era is over. Everthing’s changed. Increasingly analysts are recommending investing in the old world economy of which gold is a charter member.