By Larry E. Swedroe

Know the market, avoid disastrous loss.

Most people who consistently do well in their investment do not succeed based on luck alone. They study the trends of the market and develop understanding on the behaviour of the market. In this way, they are able to see tell tale signs of unstable market and cut cost when necessary.

In this book, the author devoted one chapter each to the 14 “truths” that he has observed about the market. These pointers are good learning points for other investors.