I was on Chuck Jaffe’s MoneyLife show last Friday discussing the longer-term outlook for stocks in 2014.
(The file is an 8 minute audio file.) The subject of biases is worth discussing, and I’ll plan a blog post on it soon. It is important that whatever biases we have are held only on the basis of available data and not our emotional opinions, that we understand what would negate those biases, and that we carefully consider how they relate to our chosen investment timeframes. The picture for stocks is very positive in 2014, but there are risk factors to consider. This brief interview considered both that outlook and some potential risks and concerns as we head into the new year.