Uncle Beemer wrote:
Someone who looks out the back window of a car careening down the road at 90 MPH and tells us what has happened and assures us this makes him an expert on what is to come.
so knowledge and understanding of past performance of the stocks, bonds, commodities, inflation, interest rates, economic growth, investor psychology, experience managing peoples' finances....all of that is worthless in investing.
My teacher clients. lawyer clients, retired clients...they are just as well to pick a guy off the street.
You feel the same about lawyers and writers? That it's just random luck when they succeed?