Sage investment advice from Mike Tyson

Jon Alternative Media, Banking, Economy, Government, Market Commentary

In a crisis, it helps to have good counsel. Consider the following sage advice from investment strategist Mike Tyson:
‘Everyone has a plan ’til they get punched in the mouth.’
Or as German military strategist Helmuth von Moltke the Elder put it, somewhat more formally:
‘No battle plan ever survives contact with the enemy.’
The enemy has been quick to show himself this year, in the form of a bear market, at least for stocks.
This bear has so far been quick, and indiscriminate: the US; Europe; China; stock markets have fallen sharply, internationally.
Investors, being human, have scrambled in search of an explanatory narrative.
Some have blamed the Fed’s baby steps towards raising interest rates. Some blame the collapse in the oil price.

This post was published at Sovereign Man on January 18, 2016.