12 Lessons the Market Taught in 2025
Larry Swedroe Overview:
Every year the markets provide investors with lessons on the winning investment strategies. With great frequency, markets offer remedial courses covering lessons they taught in previous years. That’s why one of my favorite sayings is that there’s nothing new in investing, only investment history you don’t know. In 2024 investors were provided with 12 lessons. Many of them are repeats from prior years. Unfortunately, too many investors fail to learn them - they keep making the same errors.
This webinar will go into detail on each of the 12 lessons, provide the historical evidence and behavioral insights that lead to the mistakes. With that knowledge investors can avoid making such mistakes in the future. You will learn that no one is very good at consistently getting the market forecasts right, which is why you should avoid paying attention to forecasts, and instead, adhere to your plan.
Areas Covered in the Session:
- Why valuations cannot be used to time markets
- All risk assets go through long periods of poor performance, which is it takes f patience and discipline to stay the course, adhering to your plan
- Assets that experience poor performance have “self-healing” mechanisms, helping you to become subject to recency bias and have the discipline to stay the course
- Even with a clear crystal ball as to events, markets are unpredictable
- Allowing politics to influence investment decisions leads to poor outcomes
- Most returns are earned over very short periods
- Last year’s top performing asset classes are just as likely to be this year’s dogs
- Great innovations are not always great investments
Who Will Benefit:
- Individual Investors
- Institutional Investors
- Researchers
- Investment Advisors
Speaker Profile
Larry Swedroe Since joining the firm in 1996, Larry Swedroe has spent his time, talent and energy educating investors on the benefits of evidence-based investing with enthusiasm few can match.
Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, “The Only Guide to a Winning Investment Strategy You’ll Ever Need.” The second edition was published in 2005. He has since authored eight more books: “What Wall Street Doesn’t Want You to Know” (2001), “Rational Investing in Irrational Times” (2002), “The Successful Investor Today” (2003), “Wise Investing Made Simple” (2007), “Wise Investing Made Simpler” (2010), “The Quest for Alpha” (2011), “Think, Act, and Invest Like Warren Buffett” (2012) and Enrich Yourself (2024).
He has also co-authored nine books about investing: “The Only Guide to a Winning Bond Strategy You’ll Ever Need” with Joe Hempen (2006); “The Only Guide to Alternative Investments You’ll Ever Need” with Jared Kizer (2008); “The Only Guide You’ll Ever Need for the Right Financial Plan” with Kevin Grogan and Tiya Lim (2010); “Investment Mistakes Even Smart People Make with RC Balaban (2012); “Reducing the Risk of Black Swans with Kevin Grogan (2014, second edition 2018); “The Incredible Shrinking Alpha” with Andrew Berkin (2015, second edition 2020); “Your Complete Guide to Factor-Based Investing” with Andrew Berkin (2016); “Your Complete Guide to a Successful and Secure Retirement” with Kevin Grogan (2019, second edition 2021); and “Your Essential Guide to Sustainable Investing” with Sam Adams (April 2022)..
Larry’s dedication to helping others has made him a sought-after national speaker. He has made appearances on national television shows airing on NBC, CNBC, CNN and Bloomberg Personal Finance. Larry is a prolific writer, contributing regularly to multiple outlets, including Morningstar, Wealth Management, The Evidence Based Investor, Financial Advisor, Alpha Architect, and Seeking Alpha.