Lessons learned from the market

I HAVE made and lost money every which way in the stock market”, a friend intimated to me not too long ago. I thought the same comment could have come from many local investors, because of their cavalier “anything that makes money goes” approach, instead of the consistent investment style approach common in the more developed markets.  

The interesting part of this message, however, is not that one can make or lose money in a multitude of ways in the stock market, but rather that first hand experience is probably the greatest educator in investing. It is unfortunate, however, that while the lessons imparted by the market are many, the number of investors enlightened by such are few.