Now for this week’s Contrary Opinion Button. Remember, you can always view all of the buttons by clicking here.
Good Questions Outrank Easy Answers
Attributed to Paul A. Samuelson, the first American to win a Nobel Prize in economics.
In my mind, the big questions for investors include these:
What’s the major market trend?
What’s the state of investor sentiment?
What’s the weakest stock in my portfolio, and what should I do about it?
Even if you can’t answer these questions definitively, it’s important to ask them … more important than answering the easy questions. And when you can answer these questions correctly, and act wisely as a result, you’ll be a better investor.