The Lesson of the Tortoise and the Hare
This might be a good time for investors to recall the fable of the tortoise and the hare. In the story, the speedy hare and the plodding tortoise agree to a race. The hare goes out to a big lead, so he decides to take a nap. While he naps, the tortoise continues his steady trip to the finish line and beats the hare.
In times like these, people who take a slow and steady approach might also win the investment race – or at least have a better chance of staying even.