Next month will mark the 2nd anniversary of the credit crunch believe or not, and as Fiona Redden of the Irish Times has pointed out, this is as good a time as any to reflect on what lessons can be (re)learned. Among other things, she recommends a diverse portfolio, that we know when to cut our losses and take our profits, that we purchase a property based on predicted capital appreciation & rental income rather than add on incentives and that we always maintain a cash reserve.

Warren Buffet himself would be proud of such homespun wisdom Fiona.

Colin Murphy
Torcana.com