“Historical data may be imperfect, but it remains the only unbiased way to measure risk and make assumptions about the future.” (The Economist, Sept. 23, 2009)
Inexact as it is, past behavior is a useful forecast of future behavior. For stock market investors, two items are highly predictable:
- Stock prices will fluctuate. (J. P. Morgan)
- Through overt and covert fees, Wall Street/Bay Street will continue to prosper at the expense of investors. (Milan Somborac)
Monday Morning Millionaire Program members know that the only way to get their fair share of history’s strongest economy at a fair price is to practice the habits of highly effective investors.