There are no money secrets, there are no gurus
There are no money secrets
There are no secrets in Personal Finance and Investing. Quite the opposite: timeless golden rules and testes systems require consistent execution over time. If you hear about secrets, run away, run fast!
There are no financial gurus
In a world hyperconnected, characterised by an overwhelming amount of news, it is more and more essential to learn how to differentiate the signal from the noize, the information from click-based news. In this regard, let me share witty quotes from qualified authors and successful investors:
- Paul Krugman — a Nobel Prize-winning economist and Times columnist — wrote: “Anyone who tells you they know why [single stock daily movement went up or down] thereby proves that they have no idea what they’re talking about.”
- Warren Buffett – do I need to introduce him? – once said: “We have long felt that the only value of stock forecasters is to make fortune-tellers look good”.
- William J. Bernstein – a financial author – wrote: “The reason that ‘guru’ is such a popular word is that ‘charlatan’ is so hard to spell”.
Some will become great companions and inspirations for your Financial Independence and Personal Growth journey.
Sweat Your Assets and enjoy the journey.