Simple Investing Truths

Ben Stein has written a brief but valuable article over at Yahoo Finance.

In the article, Mr. Stein reminds us to be wary of all the financial "experts" and the media who always seem to have an opinion.

I think his closing paragraph is great:

Generally, and with few exceptions, "the past is prologue." Knowledge that the economy and various sectors go through cycles tells you that the time to buy is when securities are beaten down and hated. It tells you that money is made slowly, by patiently investing in widely diversified low-cost indices. It also tells you that there have been so far no endless downtrends and that journalists are not the people to trust for investment wisdom. These are a few small but meaningful steps towards answering the question about where truth lies in investing.