Mark Sellers: Rational investors should rejoice

Mark Sellers's latest article on FT's Inside Curve column. Here are a few more things Mr. Sellers have learnt about the stock market.

• People can’t handle high returns.
• Avoiding the big losers is more important than finding the big winners.
• Even if you don’t use margin debt, you may be using leverage
• It is irrational to wish for the stock market to rise

Direct Link - Rational investors should rejoice.