044: The Perils of Predictions
Update: 2016-05-04
Description
Prognosticators have been making their predictions since long
before we were born.
What is a Prognosticator? Someone who makes predictions and
forecasts. Let's take a look at that….
In This Episode We Look At:
- Infamous predictions of the past—that didn't happen
- Current financial predictions and how acting upon them can
destroy your wealth - Why individuals and institutions make predictions? HINT: They
can profit from your fear.
Today's Resources and Links:
- You can have a look at the downside of predictions, in the
shoes of one who made a big prediction and learned to regret it:
LINK
One Thing You Can Do Today to Improve Your Financial
World:
- Learn to recognize the Doom and Gloom predictions. Stay true to
your planned investment strategy and remember that wealth is
created by owning equities for the long term.
What Are Your Thoughts?
If you have a question or comment about today's topic, we invite
you to share your thoughts.
Comments
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