Uber-finance blogger Eddy Elfeinbein has put together an awesome list of deep truths about markets and investing.
Here are a few:
The Federal Reserve isn’t nearly as powerful as is commonly believed.
There isn’t a person or group of people in charge of the market.
There’s no such thing as a “healthy correction.”
Good stocks can go down for no reason.
Bad stocks can go up for no reason.
A trend can last much longer than you thought possible.
Stocks don’t know you own them.
The market doesn’t care about politics.
The most important variable to the stock market, by far, is the direction of long-term interest rates.
Mega-mergers rarely work.
Investment bubbles aren’t due to the moral failings of the market participants.
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