This year has compressed market experience that usually takes a decade or more into five seemingly-endless months, providing a great opportunity to learn from both mistakes and successes.

Streetwise has made four big market calls this year, and they range from the catastrophic to the inspired. Looking back is a useful exercise to overcome selective memory, the tendency to remember one’s victories and gloss over the failures, and to apply the results to today’s investment decisions. Right now the lesson is to be ready for anything.

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