Quote of the Day

As you’ve noticed, I take every opportunity to express the fact that I shun much of the financial news and virtually all mainstream investment opinion pieces.

My view mirrors that of Jack Schwager, the author of the excellent Market Wizards series:

If you listen to anybody’s opinion, no matter how good they are or how smart they are, I guarantee you it’s going to blow up in your face. You just cannot get ahead by listening to other people’s opinion, you have to generate your own ideas.

Of course the above is advice for those who manage portfolios: I.e., the one exception — for you subscribers who happen to be our clients — would be the opinion of your adviser!👴

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