My Sunday Washington Post Business Section column is out. Its time for my annual mea culpas from last year.
I like what the editors did with the print version headline: As neither of us is infallible, here are my mea culpas from 2014.
Here’s an excerpt from the column:
1. Owning up to your own mistakes is how to you become better: When it comes to investing, there is always room to refine your approach and improve the decision-making process.
2. It is important to recognize that failure is part of the process. In the world of investing, you must expect to be wrong .
3. Anyone who does a mea culpa is forced to stop lying to himself about how great he is. You are not a genius stockpicker, market timer, macro-pundit, whatever. You are not infallible (and neither am I). Admitting your own errors keeps you humble and grounded.
With that introduction behind us, let’s get right to this year’s errata.
The full discussion is worthwhile — especially my mea culpa on Gold.
As neither of us is infallible, here are my mea culpas from 2014
Washington Post, March 22, 2015