A Painful Learned but Valuable Investment Lesson: Think in Probabilities and Prepare for a Variety of Outcomes
February 22, 2021 at 11:22 AM EST
By John Lunt, Lunt Capital Management, Inc. I learned an important investment truth early in my career—there are no certain outcomes in financial markets. Rather than prepare solely for what you think will happen or what you want to happen, think in terms of probabilities, and prepare for a...