Our Biggest Mistakes in 2008
We learned a lot from last year's pandemonium.
One of the most important things we can do to become better investors over time is to closely evaluate and learn from our mistakes. The financial meltdown and economic collapse made 2008 a truly extraordinary year. The year unfolded in a way that was unlike anything the United States had experienced since the 1930s, which is to say, it was a completely novel experience for most of us. Our team of more than 100 equity analysts made our fair share of mistakes in 2008, but we've also learned a tremendous amount along the way that will improve our research going forward.
Below, we highlight some of the biggest lessons we learned this year and some of the botched stock calls that helped to teach us. Although it is essential to learn from one's own experience, it is even better to learn from the experience of others, which is why we are glad to share these lessons with you.
Matthew Coffina does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.