This may sound hypocritical and fair enough if you think that.
I can tell from the emails I receive in my Street.com account from those readers that a lot people read an article, be it mine or someone else's, that makes intuitive sense and take action without proper study.
This is dumb anyway you cut it. Just about every article is plausible but far from every article turns out to be correct.
If you are going to manage your own portfolio you have to properly understand what you own, why you own and what can go wrong. I doubt that too many people would disagree with this yet many people buy stocks based on articles or based on TV touts.
Trying to make money trading off of TV and print is a path of much resistance. This is the wrong approach for most people yet a lot of people do try to speculate this way. Beware.
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1 comment:
True!
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