Here’s Gregory Morris in his book Investing with the Trend:
How often do you watch economists and market experts in the financial media (television, print, etc.) offer strong opinions on the future direction of the economy and the stock market? Do they ever present their track record? Never! In fact, if you pay close attention you will see that most of the “experts” are gaining something from their appearance.
I’m shocked and disappointed at the absolute certainty in which they deliver their prognostications.
So am I…