No One Knows What the Market Will Do

Henry Blodget’s “Aha! Moment”: “When I finally realized that no one knows what the market is going to do, I developed a very different philosophy about money management — including, importantly, the management of my own money (some of which I had vaporized by overestimating my own odds of knowing what the market was going to do). That new philosophy — own a diversified portfolio of low-cost index funds and rebalance when the asset weightings get out of whack — was more humble, simpler, safer, and wiser than my prior philosophy (stockpicking, market timing). And it has also been vastly more successful.” Read the full article >>