By Alexander Green Early in my career on Wall Street, I made an astonishing discovery: The overwhelming majority of my colleagues – bright, educated, experienced and articulate – didn’t have the foggiest idea what they were talking about.
This only became obvious in retrospect, when I saw how their carefully constructed financial theories and investment forecasts turned to dust rather than generating any significant profits.
(You’d be surprised to learn how many investment “pros” lose a substantial percentage of their own money in the market each year.)
The truth is that there are limitless ways to take a beating in stocks – and only a few …read more
