Second, 2020 should humble investors from drawing direct lines from the news or their lives to stock markets. Most expect the market narrative to match their worldview. Often, this approach allows fear to drive action. There are too many variables with too much unpredictability, uncertainty, and potential bias for anyone to reliably draw these lines.

As you may know, we're big fans of Warren Buffett. His latest annual letter to shareholders is a buffet of fantastic takeaways, one of which we already shared.

Here's some more truth: