Bull markets have a dangerous habit of making almost everyone look like a genius.
Nigeria's equity market has rewarded investors handsomely in 2026. The NGX All-Share Index has gained about 47% year-to-date after peaking above 60% earlier in the year, creating one of the strongest rallies the Exchange has witnessed in decades. Quality companies have created substantial wealth. Long-term investors who stayed invested have every reason to celebrate.
But bull markets also have another habit.
They hide mistakes remarkably well.
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