Becoming complacent and basking in past success is a problem for active investment managers, driven by constant discussions of past performance. Every new potential investor primarily asks what we've done in the past, when they should instead focus on how we did it, and if the strategies, tactics, and performances seem likely to repeat in the future.

Is the stock market overvalued or undervalued? If it's overvalued, and we want asymmetric investment returns through asymmetric risk/reward to manage or mitigate market risks, we must instead focus on the direction of the price trends to determine our exit early in the stage of downtrends and/or asymmetric hedging.

The role of luck in success is a subject of considerable debate among scholars, entrepreneurs, and investors. While success is often attributed to hard work, talent, and perseverance, there is growing recognition of the role that luck can play. Here are several perspectives on how luck intersects with success

Someone asked; From a sentiment perspective, is this what 2017 felt like?" Tennessee investment adviser says ...

Here we are today, at all time highs, with very low realized volatility, and the chart shows us an example that periods of low volatility (and uptrends) are eventually followed by volatility expansions (and downtrends).

Developing critical thinking skills involves adopting a structured approach to evaluating and analyzing information, arguments, and situations.