Today marks the final installment in my series addressing the lessons that the markets taught us last year about prudent investment strategies. As we noted previously, 2014 provided us with a total of 12.
You may have observed by now that many of these same lessons show up year after year. And many times, the markets provide remedial courses on previously taught lessons. It seems, however, that investors keep failing to learn from them and continue making the same errors. But as I’ve said before, there’s nothing new in investing, only investment history you don’t yet know.
Lesson 10: Hedge Funds Are Not Investment Vehicles, They Are Compensation Schemes
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