This extract, from one of America’s most respected financial journalists, William Bernstein, should be read and reread by every investor:

“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor – the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends upon appearing to know.”

Read the rest of the article at The Huffington Post.

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