"History doesn't repeat itself, but it rhymes".

One of the great lessons that all of us investors encounter, and that we don't learn until we pass it, is that history repeats itself over and over again. It is a big cycle, with small internal cycles, where the psychology of the participants is also cyclical.

The stock market is the only place where no one wants to buy when there is a sell-off, and when the price goes up, everyone wants to buy. This means that two-thirds of investors globally underperform the Russell 3000. This fact justifies the fact that 40% of stocks globally have a negative 30-year return.

We must all ask ourselves, is it really worth picking stocks and waiting more than half our investing life knowing that 40% of stocks are going to underperform? For this, it is infinitely better to buy an index since you know that …