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Three Investing Lessons from the Napa Earthquake
September 04, 2014 at 11:11 AM EDT
I moved to California with my family nearly 10 years ago. I have never regretted it. But early last Sunday morning, my family and I, along with others living in the Bay Area, were reminded of the downside of life in the Golden State. Fortunately, last week’s earthquake took a greater toll on property than people. But in addition to providing a stark reminder of the costs (beyond sky-high housing prices) of living in San Francisco, it also was a violent, but good, metaphor for the dangers lurking in financial markets. Stocks and other risky assets have been doing particularly well the last few years. So well, in fact, that it’s easy to forget there are risks below the surface. While I continue to believe that equities and other risky assets can advance further this year, it’s worth considering what to do when the next shock hits financial markets. Here […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
I moved to California with my family nearly 10 years ago. I have never regretted it. But early last Sunday morning, my family and I, along with others living in the Bay Area, were reminded of the downside of life in the Golden State. Fortunately, last week’s earthquake took a greater toll on property than people. But in addition to providing a stark reminder of the costs (beyond sky-high housing prices) of living in San Francisco, it also was a violent, but good, metaphor for the dangers lurking in financial markets. Stocks and other risky assets have been doing particularly well the last few years. So well, in fact, that it’s easy to forget there are risks below the surface. While I continue to believe that equities and other risky assets can advance further this year, it’s worth considering what to do when the next shock hits financial markets. Here […]
