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At the bourse, yesterday and tomorrow will never be same
One of the essential ingredients to success in the markets is recognising that time is key as it more important than understanding the medium and long-term drivers of market action. FILE PHOTO | NMG
Out of the most emotional songs I’ve listened to, “Yesterday” by the Beatles has at least to be amongst the top 10. The song has the lyrics, “Yesterday, love was such an easy game to play.” It makes me think about the markets today.
Yesterday, it was such an easy game to play. Today, investors are having a tough time. Market conditions are difficult and many have faced lower overall returns in the past five years. And since the recovery from August 2019, things have become worse as markets have jumped sharply bruising more conservative investors with higher cash holdings.
