Hussman Weekly Market Comment: The Road to Easy Street

In nearly every effort worth pursuing, I think the secret to eventual success is the same. Find a set of well-informed daily actions that you’re convinced will produce good results if you follow them consistently. Then follow them consistently. In a world where randomness, frustrations, and events outside of one’s control play an enormous role in day-to-day outcomes, the best measure of day-to-day success is whether or not those daily actions were followed. Over time, the results take care of themselves. But Arnie was right. There’s not a single road to easy street that doesn’t run through the sewer at one point or another.