Lessons In A Bear Market

“Investors in 2008 were lucky to get such a good and obvious sale on stocks”. This was a common refrain, in some similar form or fashion, I am sure many investors heard over the last ten years. Looking at a historical stock chart and thinking that buying at the bottom was so obvious is a hindsight bias that we all make, so it can be forgiven. However, our minds are made in a way where we do a good job at putting painful memories behind us and forgetting what it felt like to be...