Why do capable, talented people manage to blow up their massive accounts with alarming speed?

In today's letter, John Mauldin explores the options that the Eurozone faces in order to stay together, and what it all means for some of the countries involved.

Most traders never consider tipping points.

This week the German Bundesbank waved the white flag. The die is cast. For good or ill, Europe has embarked on a program that will require multiple trillions of euros of freshly minted money in order to maintain the eurozone.

You should be chasing price, not performance.

The US employment numbers came out this morning, and they were disappointing. But disappointing does not begin to describe the situation in Europe.

There is a very old saying in the stock market that goes "Sell in May, and Go Away." This pertains to the notion that investors should cash in on their investments this month and take the summer off because June, July, August and September have traditionally been some of the worst months in the equity market.

Given the chaos and insistent inflation over time that the Federal Reserve and fiat currency have produced, it is hard to argue that the current system is one that should be encouraged.

Traders that can contain their losses and keep their capital intact will no doubt be rewarded when the next big move comes along.

In secular bull markets, an investor should search for assets that offer relative returns -- stocks and funds that will perform better than the market averages.