Attributed to Paul A. Samuelson, the first American to win a Nobel Prize in economics.
In my mind, the big questions for investors include these:
What’s the major market trend?
What’s the state of investor sentiment?
What’s the weakest stock in my portfolio, and what should I do about it?
Even if you can’t answer these questions definitively, it’s important to ask them … more important than answering the easy questions. And when you can answer these questions correctly, and act wisely as a result, you’ll be a better investor.