The Twelve Pillars of Investing Wisdom
It seems in the world of investing, the more things change the more things stay the same. I recently stumbled across a speech given in 2001 by John C. Bogle, Founder of The Vanguard Group, where he shared twelve sensible guidelines to successful investing.
Money Madness
Similar to many of you, I watched with amazement as Northern Iowa beat Kansas in the men's NCAA basketball tournament. Kansas was favored to win the entire tournament. The last time Northern Iowa made it past the second round was in 1990. Farther east, 12th seeded Cornell upset 4th seeded Wisconsin to move onto the Sweet 16. Cornell had yet to win a tournament game before this year. As of March 19th, there were 4.8 million brackets submitted to ESPN. After the first day of the tournament, only 56 were correct. There were so many upsets that only .001% of participants were correct. And that was just after the first day.