Human nature is such that nothing teaches us better than the school of hard knocks.

Until the last quarter of 2018, many individual investors were fond of making contemptuous comments every time I wrote about the importance of gaining an edge. Of course, professional investors have always known better.

In a bull market, everybody is a genius. Often, investors with less knowledge end up doing better than prudent investors. The reason is that prudent investors take steps to control risks. Now, after the last painful quarter for those less informed, not only are the contemptuous comments gone, but a whole new group of investors want me to teach them how to gain an edge.… Please click here or the title below to read more.