American writer William Safire once said that clichés were to be avoided ‘like the plague’. Clearly, he wasn’t much of an investor, where aphorisms litter the lexicon. Perhaps that’s because investing is difficult; seemingly pithy, rhyming phrases offer a seductive short cut to investing success.
Or do they? Let’s put six of the most popular investment sayings to the test, mythbusters-style, and see how they fare.