The Siena Investor - Winter 2012

7 Lessons Learned from 2011. Every year, our colleague Larry Swedroe takes a look back at the investing lessons the markets provided in the past year.  In 2011, the markets offered investors a chance to revisit a few remedial courses by teaching lessons it had introduced in prior years.  So, this year's list includes a few reminders that we are just as likely to lose our discipline in good times as we can in bad time.