Tag Archives: Larry Swedroe

False Visions of the Future

The financial experts know a lot more about the markets and how the markets will perform in the future than the ordinary rest of us.  Right?

As it turns out, the predictions made by financial experts are no better than those made by gypsies looking into crystal balls, soothsayers gazing at the entrails of a sacrificed animal or wizards with tall caps who gaze into space.  In fact, the financial experts might even be LESS reliable than those other charlatans.

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