8Goldfinger
When I was a kid, my favorite movie was Back to the Future. I just loved thinking about how great life would be knowing what was going to happen before it occurred, and how exciting and easy and worry-free everything would be simply by knowing the future in advance. In the movie Back to the Future, the antagonist, Biff, uses the Grays Sports Almanac that he brings back from the future to know the final score for every sporting event before being played, allowing him to become a multimillionaire by betting on the certain winner. What if you had a playbook that knew the final score of the game before it was played—wouldn't that be incredible? If you knew how it would end, would you ever worry again?
Imagine for a moment that you could go back in time 10 years ago and sit down with former Federal Reserve chairman Ben Bernanke and ask him how you should position your portfolio. Let me reorient you to the times, in case you've forgotten. The Dow Jones has collapsed over 50 percent and is sitting at 6700 points. You've lost half of your 401k you worked your whole life to build in just a matter of months. Your house is under water, and you are scared. You're scared about your future. You're scared you're going to outlive your money. You're scared you're never going to be able to retire. And you have no idea what you are going to do.
Had you sat down with modern-day Ben Bernanke, he could have told you not to worry! That you should put every penny you have into the stock ...
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