History shows us that people are terrible about guessing what is going to happen - next week, next month, and especially next year.

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.

Barry Ritholtz Quotes