—DEFLATION AND YOUR INVESTMENTS
Over the years I've found that investment advice from books is often of limited value, partly because by the time the book makes it to press, the financial markets may have changed considerably. More important, we're all very different when it comes to our investment inclinations. Some of us are very aggressive, others are conservative; some of us have a short-term orientation, others long-term. And unfortunately some of us are really not sure what we are. So what may be good advice for one person turns out to be not so good advice for another. For these reasons individual investors might be better off ignoring most ofthe advice in books, especially when it concerns individual stocks or market sectors.