tsptalk
12-27-2011, 11:46 AM
Kass: 15 Surprises for 2012 (http://www.thestreet.com/story/11357403/1/kass-15-surprises-for-2012.html)
"There are five core lessons I have learned over the course of my investing career that form the foundation of my annual surprise lists:
how wrong conventional wisdom can consistently be;
that uncertainty will persist;
to expect the unexpected;
that the occurrence of Black Swan events are growing in frequency; and
with rapidly changing conditions, investors can't change the direction of the wind, but we can adjust our sails (and our portfolios) in an attempt to reach our destination of good investment returns."
"There are five core lessons I have learned over the course of my investing career that form the foundation of my annual surprise lists:
how wrong conventional wisdom can consistently be;
that uncertainty will persist;
to expect the unexpected;
that the occurrence of Black Swan events are growing in frequency; and
with rapidly changing conditions, investors can't change the direction of the wind, but we can adjust our sails (and our portfolios) in an attempt to reach our destination of good investment returns."