Monday, November 7, 2011

Lies and Truths #9 No One Can Forcast the Future

We began this series with the seven lies many investors believe. To see the whole "Lies and Truths" series, click the link that you will find at the bottom of this post, or in the Labels section of the sidebar.  If you are reading this as a note on Facebook, click the "see original post" link at the bottom of the note to be redirected to the blog where you can see the entire series.  

Today's truth, "No one can forecast the future" seems so obvious that it shouldn't need saying, right?  Well, it does need saying.  Just take a look at commercials, financial magazines, websites, etc. and you will see just how many people are trying to convince investors that they can do exactly that.

Because NO ONE can accurately predict the future consistently, no one can predict what the market, or individual stocks will do in the future.  If they could predict the future, why would they tell you?

No comments:

Post a Comment