The Learning Curve And Historical Performance

My investing career began in earnest in 2002 when I arranged a $100,000 homeowners’ line of credit to manage my portfolio. My retirement was secure. I had a defined pension plan and a profitable rental property. On the negative side, I had no formal experience in finance, and my mathematical skills were rudimentary. I did not have the skills to evaluate company reports and found even analysts' explanations to be a challenge. My goals were modest. I reasoned that I could learn as I...