What Smart Investors Know Smart investors take the time to separate emotion from fact. Share | Related Content 16 Wall Street Cliches in 60 Seconds Pundits say a lot of things about the markets. Let's see if you can keep up. The Business Cycle Understanding the economy's cycles can help put current business conditions in better perspective. Impact of Taxes and Inflation Estimate the potential impact taxes and inflation can have on the purchasing power of an investment.