Josh Brown of The Reformed Broker has an excellent post up today, In 2010 I Learned That…, in which he aggregates a wide variety of market perspectives from his broad network. The results have a large dollop of market wisdom, yet are spiced with the type of humor and satire that is a hallmark of Josh’s efforts.
When asked for some input about what I learned in 2010, my immediate reaction what that I hadn't learned as much in 2010 as I had in 2009 and 2008. After a moment of reflection, five ideas tumbled out of my head, in the following order:
- Substantial profits can be made from surfing the bleeding edge of Wall Street's product development engine (this is the one Josh chose to include in his post)
- The more confident you are in the value of your primary strategies, the more difficult it is (should be) to pull the trigger on other strategies/trades with less impressive or uncertain prospects
- There is a huge desire for investors to understand the VIX futures term structure and its implications
- When you combine ETFs and options, almost any possible trade idea can be implemented
- A good portfolio is one that funds a good vacation without the need for frequent monitoring of positions (my wife’s favorite of this group)
Readers, what have you learned in 2010? Feel free to hit up the comments…
- Josh Brown’s Favorite Financial Blogs
- But Am I Fast Enough to Play Cornerback?
- A Dozen Things My Trading Accounts Are Thankful for This Year
- The Art of Being Wrong