Bill Bonner: The Dumbest Investment Mistake You Can Make

Bill-Bonner2

“There could be a 15-day cooling off period… which could be extended by the Fed, in the interest of market stability.  Economists don’t know what will work because no one can know what the future will bring. But we all know what won’t work: central financial planning. Likewise, investors can’t consistently choose good investments; because they don’t really know the future. All they can know is what isn’t true and, knowing that, avoid bad investments.  That’s why investing is often called a ‘loser’s game.’ You don’t win by choosing winning investments; you win by not losing. You don’t win by pretending to know what is true; you win by knowing what is false.”

http://www.bonnerandpartners.com/the-dumbest-investment-mistake-you-can-make/

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