In what will be a recurring theme, Nick discusses the folly of financial forecasts. If you are influenced by these, stop this self-harming behaviour immediately! From a galaxy of follies, Nick highlights three disastrous forecasts made by financial “experts”
Bottom line: don’t worry about what is going to happen in the next month, or 12 months, or even five years. It’s out of your control, so focus on what you can control, not on what you can’t.
And make sure to listen to the next episode (#5), which dovetails in nicely with the message Nick conveys in this one..
- Ian Fraser’s masterful book “Shredded” on the RBS debacle. Find Ian on Twitter here.
- Paul Lewis’s Tweet about the UK stockmarket is here.
- An article on the infamous “Business Week” edition of 13th August 1979.
- Supporting graphs and disclosure statements:
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