Welcome to the final installment in our Evidence-Based Investment Insights: Bringing the Evidence Home. We hope you've enjoyed reading our series as much as we've enjoyed sharing it with you. Here are the key take-home messages from each installment:
- You, the Market and the Prices You Pay. Understanding group intelligence and its effect on efficient market pricing is a first step toward more consistently buying low and selling high in free capital markets.
- Ignoring the Siren Song of Daily Market Pricing. Rather than trying to react to ever-changing conditions and cutthroat competition, invest your life savings according to factors over which you can expect to have some control.
- Financial Gurus and Other Unicorns. Avoid paying costly, speculative "experts" to pinch-hit your market moves for you. The evidence indicates that their ability to consistently beat the market is rarer than rare.