It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.
~Mark Twain
This site is to help you not do things as much as it is to help you do things. It is always amazing how you can give a set of facts to ten different people and they will all come away with something different.
Investing is difficult. You should know what you are doing and what your risks are. There are so many people that will read a particular story or look at some data and think that they have an investment that can’t go wrong. If you think it is impossible for it to go wrong, it will.
If there is one thing you should take away from this site, it is that you can’t predict the future with certainty. You can take good guesses and manage your risk accordingly. If you study the Austrian school of economics, you should know that the market is made up of millions of people acting according to their own wants and needs. It is impossible to predict the behavior of everybody. It is almost impossible to predict the behavior of just one person, even yourself.
Remember that economics is really the study of human action. Perhaps you are certain that interest rates should go up or that gold should go to $5,000 an ounce. But you can’t be certain and you should realize that it is impossible to predict with absolute certainty. The rest of the people on this planet may act differently than you expected. You should take this into account when you invest your hard-earned money.