Art Carden
American Institute for Economic Research
March 23, 2021
(Colin Ziemer/New York Stock Exchange via AP)
Two of investing’s most important principles are “understand that markets are efficient” and “diversify.” I learned both principles the hard way when, as a naive high schooler who thought himself very financially sophisticated, I got a couple of hot stock tips about companies with innovative products that were going to change their industries and make their shareholders rich. Wanting to be one of those rich shareholders, I decided to buy.
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