This report provides a quick and informative summary of stock market performance in 2024, my outlook for the new year, and why I don't believe in stock market predictions and forecasts.
There is definItaly wisdom in looking more at the past than predictions as it relates to the markets. Historical data can help us navigate some aspects of this investing journey. Some research shows that the markets tend to operate in a cyclical fashion. Btw: I've been digging Morgan Housel's podcast for a little while now. He's alright with me.
Love this, Opie. I agree that history is so powerful and also that everything is cyclical—100%! Often times, history can tell us more about what can happen in the future than anything else. Also, side note, I had no idea Morgan had a podcast. Where have I been?! LOL. Running to look it up. Thank you for the tip!!
This was a great summary. And thanks for the info on Morgan Housel. Just found his podcast 😊!
Thank you for reading and for the feedback! Morgan is great. Let me know what you think about his work :). Have a great day!
There is definItaly wisdom in looking more at the past than predictions as it relates to the markets. Historical data can help us navigate some aspects of this investing journey. Some research shows that the markets tend to operate in a cyclical fashion. Btw: I've been digging Morgan Housel's podcast for a little while now. He's alright with me.
Love this, Opie. I agree that history is so powerful and also that everything is cyclical—100%! Often times, history can tell us more about what can happen in the future than anything else. Also, side note, I had no idea Morgan had a podcast. Where have I been?! LOL. Running to look it up. Thank you for the tip!!
Mastering the market cycle by Howard Marks is the book I read. Deserves another read is all I can say.