Monday, November 16, 2009

Gregory Zuckerman's takeaways from the 'Greatest Trade Ever'

here. Summarized:
  1. When Wall Street is wheeling out its latest can't-miss product, be skeptical.
  2. Have an exit strategy -- and cash to cushion any tumble.
  3. Debt markets can do a better job predicting problems than stock markets.
  4. Educate yourself about the range of exchange-traded funds being introduced, some of which can play a valuable role in a portfolio.
  5. Don't underestimate the value of a safety net, such as put options.
  6. A historical perspective can be a valuable tool.
  7. Even the greatest trade doesn't last forever.
  8. Don't risk too much in any one trade, even one that seems like a sure thing.

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