RE:If asked: "What's the secret to sucessful investing?" At times like these it is important to remember that EVERY market offers trading opportunities. Although some disparage short term investment IMO failure to adapt to new market conditions is a recipe for disappointment and loss of opportunity as well as capital.
What is required is the mental agility to adopt a new strategy, even reversing previous views, i.e. one might even short an asset they were previously long. The difficulty is not that money can't be made in any economic/financial environment, but rather our own limitations to change our mind.
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