Tuesday, July 9, 2013

Two Great Articles

(NY Times) Investment Plans and Forecasts Don’t Mix
Forecasts about the future of the market are very likely to be wrong, and we don’t know by how much and in which direction. So why would we use these guesses to make incredibly important decisions about our money?

(WSJ) The Intelligent Investor: Saving Investors From Themselves
One of the main reasons we are all our worst enemies as investors is that the financial universe is set up to deceive us. Approximately 99% of the time, the single most important thing investors should do is absolutely nothing.

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