There are no secrets, there are no gurus in money management
There are no secrets
There are no secrets in Personal Finance and Investing. Quite the opposite: there are timeless golden rules and testes systems that 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”.
On this platform, I often share quotes, personal thoughts or book takeaways from a wide variety of authors and experts in Personal Finance, Investing and Personal Development. I am sure some of them will become great companions and inspirations for your journey towards Financial Independence and Personal Growth.
Sweat Your Assets and enjoy the journey.