The ASX200 edged higher on Friday in a pretty uneventful conclusion to what’s been a fascinating Financial Year, by now subscribers know that the broad-based market has shrugged off a blanket of negativity to end the year up over +10%, plus of course dividends. However, it’s now time to look forward, not back, as the market toys with the idea of peak interest rates this side of Christmas but pessimism persists towards earnings over the next year. A very famous investing/trading book called Reminiscences of a Stock Operator by Edwin Lefevre, which we highly recommend for “students” of the market, has a couple of sayings that we believe accurately reflect the position of both the last few and next few years: