Adaptive Economic Strategies
Gary M. Throop, MBA, Ph.D.
Financial advice, management, and strategies for the real world,
not an academic fantasy.
(315) 261-4941
“The desire for more, the fear of missing out, the tendency to compare against others, the influence of the crowd and the dream of the sure thing – these factors are near universal. Thus they have a profound impact on most investors and most markets. The result is mistakes, and those mistakes are frequent, widespread and recurring.
Rather than trying to figure out the future, try to figure out where we are in the market cycle, make adjustments if necessary when close to the extremes, and prepare mentally to avoid behavioral mistakes that plague investors throughout. The key is to watch for investor behavior that typically emerges, especially at the extremes of the cycle.”
– Howard Marks, The Most Important Thing
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