I’ve made every investing mistake you can imagine — oversized bets, emotional decisions, ignoring risk, and thinking I was smarter than the market. Losing money taught me what gains never could: success isn’t about brilliant picks, it’s about breaking bad habits. Here are the lessons that turned painful losses into a better investing process.
A sudden win can be more dangerous than a slow loss. This piece explores why misunderstanding risk leads to poor decisions — and how investors can think more clearly when certainty is impossible.
Way back in 2011, Jim Rickards first laid out his long-term prediction: currency wars are followed by trade wars and then shooting wars between major powers.