The old cliche "things average out over time" really can make you quite rich -- if you're able to tell when you're living in a time of extremes, and are willing to bet on a return to averages over time. For instance, I'm worried for Iowa's sake that farmland prices are at an extreme, and that the factors pushing the prices are all at extremes themselves. With the stock market pretty much on fire lately, should we have the same concern? Honestly, I don't think so. It's impossible to know where the markets will go in the short run, but over the long term, there are a lot of factors pushing the market both up and down, but the biggest factors are generally going to push it higher.
A couple of interesting links we mentioned on air:
Thanks for listening this week!