West Loop Financial LLCBe Wary Of ‘Experts’ – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Be Wary Of ‘Experts’ https://www.westloopfinancial.com/2015/04/20/wary-experts/ https://www.westloopfinancial.com/2015/04/20/wary-experts/#respond Mon, 20 Apr 2015 09:00:54 +0000 http://evolvemypractice.com/?p=1837 Many individual investors have seen their portfolios devastated, despite having followed the advice of “experts.” They are left wondering, “What went wrong?” As you may have already guessed, the answer is that following the advice of “future tellers” disguised as investment pros is the wrong strategy. As Jim Cramer once famously said to Jon Stewart...

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]]> Many individual investors have seen their portfolios devastated, despite having followed the advice of “experts.” They are left wondering, “What went wrong?”

As you may have already guessed, the answer is that following the advice of “future tellers” disguised as investment pros is the wrong strategy. As Jim Cramer once famously said to Jon Stewart of The Daily Show, “I got a lot wrong.”

Investment legend Warren Buffett put it this way: “A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.”

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