Thursday, May 27, 2010
Words of Wisdom
Looking for a financial professional to tell you where the market is headed? Keep these thoughts in mind:
“We’ve long felt that the only value of stock forecasts is to make fortune tellers look good. Short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children” (Warren Buffett).
“Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window” (Peter Drucker).
”We have two classes of forecasters: Those who don’t know – and those who don’t know they don’t know” (J.K. Galbraith, US Economist and diplomat).
I'm not " " worthy, but I say there is no substitute for sound financial planning and sticking with an investment strategy.
“We’ve long felt that the only value of stock forecasts is to make fortune tellers look good. Short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children” (Warren Buffett).
“Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window” (Peter Drucker).
”We have two classes of forecasters: Those who don’t know – and those who don’t know they don’t know” (J.K. Galbraith, US Economist and diplomat).
I'm not " " worthy, but I say there is no substitute for sound financial planning and sticking with an investment strategy.
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