Bored? Anxious? Excited? Melancholy? You might think you’ve got some sort of mental condition, but don’t worry… you’re just a normal investor.
business cycle
Most people are no better at understanding the business cycle than they are at riding a unicycle. But this might help, if you’re keen.
Analysts, journalists and private investors often talk about the market being cheap or expensive on a P/E basis. What do they mean?
Asset classes, sectors, and styles all come in and out of both fashion and genuine prosperity, depending on the underlying cycles. So never say never again.