Ruthless simplicity is where your power and edge will be found. We’ve been taught to think in ways that align our money with company's and business models:
- The big-box adviser (read: any adviser that is a long-only manager, has you in two or more mutual funds and/or doesn’t believe that you should ever be out of the market).
- The ‘pick-of-the-month’ newsletter industry. A place where you are pounded daily [sometimes hourly] with stock-picks touting the next Facebook of China that will provide you a 10,000% return. Sell their cleverness and buy simplicity.
We believe everything you need to know to avoid large losses and participate in all major up-trends can be done by asking two questions: