RonBoyd
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The Dangers of Listening to Financial Pundits
Nothing new here:
Nothing new here:
Turn on any financial news channel, and you’ll see a parade of people proffering opinions on market direction, economic conditions, interest rates, corporate earnings and various other topics.
Most of these pundits are intelligent enough, and they seem to make sense. After all, if there is potential danger lurking in a central bank action or a change in commodity prices, don’t you need to know about it? If a smart, knowledgeable person has advice on how to invest, based on forecasts or current events, shouldn’t you act upon it?
For both questions, the answer is nearly always “no.”