If you would like to read this series from the beginning, just click on the Lies & Truths link in the sidebar. You will find it under LABELS.
Back to our Lies & Truths series, here is the first TRUTH.
The financial industry and the financial press have a huge monetary interest in convincing investors that there is little or no difference between speculating and investing. They perpetuate the lie that by forecasting the future you can pick stocks, time the market or pick future winning money managers.
If you don't believe this works, they are out of business.
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