Michel Pireu Columnist

From an article by Nick Maggiulli of Dollars and Data: The most important decision any person can make is whether they live in a kind or hostile universe — Albert Einstein This quote is paraphrased and Einstein probably never said it, but it brings up an important point about a question you sub-consciously answer every day — is the world kind or hostile? If you view the world as kind, you believe that, on average, good efforts and deeds are rewarded. But, if you view the world as hostile, you believe that what you do has little impact on your life and everything is up to chance. Your decision can pervade every part of your life. It also can show up in how you invest your money. What kind of investment world do you think we live in? You might think the question is trivial, but it is THE question. If you believe in the "kindness" of long-term equity investments, then a 20% decline should be no big deal. However, if you believe that equities haven’t been reliable (or no longer will be ...

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