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Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline.

While it's wonderful that investors have access to all the data now available to them, it has become a full-time job to sift through it and separate out the valuable news from the useless noise.

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.

The amount of data and analysis available for free is a true example of information explosion has leveled the playing field for individual investors.

It's not the daily increase but daily decrease. Hack away at the unessential.

It's difficult to make your clients understand that there are certain days that the market will go up or down 2%, and it's basically driven by algorithms talking to algorithms. There's no real rhyme or reason for that. So it's difficult. We just try to preach long-term investing and staying the course.

When herding behaviour among investors ramps up, a stock's or index's growth rate can increase faster than exponentially, leading to more herding. This positive feedback brings the system to a tipping point. About two-thirds of the time, a crash results.

Successful investing is anticipating the anticipations of others.