“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent.” – Calvin Coolidge

During SMI’s first 23 years of existence, our approach to bear markets was simple: hold on tight and ride them out. Most of the bear markets between 1960-2000 had been either shallow enough or short enough that trying to protect against them was generally counterproductive (see table in Learning to Love Bear Markets: A Lesson On Contrary Thinking).

If you are an existing member, please Login.