EP 17: "Blessed is he who expects nothing, for he shall enjoy everything." - Chesterton

This episode is based on Chapter 3 of the intelligent investor. The main premise in this chapter is that we must not forecast the future returns of the stock market by exclusively extrapolating the past. Yes, history is an important guide for the future, but it can also be misleading and can lead you to take higher risks. When deciding to embark on an investment, ask yourself about why you think the future returns of will match its past returns?