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.

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