Let’s not kid ourselves, investment markets are chaotic, noisy and self-centred – just like children.
Over the long term, though, markets settle down into pattern-like behaviour that rewards the patient investor in proportion to risk. (Disclaimer: this argument cannot be applied to children under 18.)
Of course, in the midst of a market hissy-fit it’s a little more difficult to remember that this will all be worth it one day. And, for the first time in many years, markets are testing investor tolerance in 2018 with a series of public tantrums.
In February, […]