I stuck a thermometer in the snow before every race.
It might sound quirky.
But every cross-country ski racer did it. We checked the snow’s temperature before putting wax on our skis.
The right temperature-dependent wax gave us the perfect combination of kick and glide. But if we chose the wrong wax (which I often did) halfway through the race we wished we had stayed home.
Experienced ski racers got it right almost every time. Unfortunately, picking the stock market isn’t like that at all. We can’t pick investments based on the economic climate. The stock market finds a way to humiliate almost everyone.
Image by Pixabay