Bombay Addict draws some lessons from the latest stock market crash:

1. Believe no one. At times even yourself. If they tell you that stocks return more than bonds over the long term, ask them what they mean by long term. If they say 10 years, ask them if they’ve heard about a country called Japan. In 20 years, the stock market there has halved. If they say shit happens, ask them if they’ve heard about a country called the United States of America – 8 years (2000 to 2008), that market hasn’t gone anywhere. Long term, short term, any term. If stocks return better than bonds, then just remember, you’re also taking a higher risk. If you can’t do the time, don’t do the crime.