It’s difficult to offer sweeping generalizations from the financial crisis because that period of time affected different people in different ways.
A lot of investors had their brain broken by the financial crisis and will spend their days predicting the next big one at all times. Others probably learned the wrong lessons or have completely forgotten everything they should have learned.
My single biggest takeaway is that anything is possible in the markets. Panics are real and no one knows how or why they will end.
October 5th, 2018 at 9:05 am
Some lessons learned are tough to unlearned:
https://awealthofcommonsense.com/2018/09/revisiting-the-fall-of-2008/