Cartoon of the day

Scott Adams says:

Think of financial theory as a stool. The stool is supported by three legs, or truisms.

• History always repeats.
• Past performance is no indication of future returns.
• Asshats are trying to steal your money.
  

and

People who say it is a good time to invest are called bulls. The bulls are at the center of all financial problems.

In summary, if you want to understand financial markets find a bull and look at his stool.