I know that we are well into
this year already but Happy New Year!
Best and Worst of
2013
In 2013, we had a few that
make the list of best and work performing stocks. In the following weeks, we
will highlight in detail the lessons learned from these picks.
Best: Genworth
Financial (GNW) – This stock was a top performer
and bottomed out in the low single digits. It rebounded into the double digits
and is still pushing higher.
Worst: Aveo
Pharmaceuticals (AVEO) – This stock was a
roller coaster. Up sharply on promising news of drugs that treat cancer, and
then it came crashing down the when the FDA didn’t approve the drug after
clinical trials.
Do We Learn from
the Past
I often hear people say “We will
learn from our mistakes and not repeat them”.
It is a great notion but how often does this really happen in
society. My few years as an amateur
investor question how often this really happens. I find it interesting how often technical
investors look at charts and patterns because they have seen similar events in
the past and look to benefit from it.
The government mainly uses models based on past events to address current
markets, however; the ever revolving cycles of market excess and then subsequent
crashes still continue. You wonder why
very few investors identify crashes before they occur and if we all are too
happy to enjoy the good time to do “what is right” to prevent or cushion the
crashes that are inevitably coming. A
few key subjects shine light on this very topic:
-
Income Equality
-
Immigration
-
Civil Rights
-
Public Schools
-
Stock Market
Crashes
-
Regulation
-
Mass Shootings
-
Pollution
