In my days in the investment management business, I was taught some “incontrovertible” truths. I was taught that given enough time, markets will always go up. I was taught that proper diversification was far more important than stock selection. I was taught that all you needed to do was buy low and sell high to do well with your investments.
I believed all of it.
I believed that companies numbers were indeed their numbers and that banks would use our deposits in ways that benefited small business and community.
The thing is, while there are a great investment opportunities for women – I believe now, after much reflection that we need to broaden our definition of Investing. Because the system described above is clearly a broken system.
Markets will go up over time, except when they don’t.