“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/
Related posts:
'HELP: Detroit is Waiting to be Rescued!'
Robert Mueller's forgotten surveillance crime spree
Criminals do not need guns
Jeffrey Tucker: The Great Deficit Ruse
Iran's Concern Over US Attack Plans Could...Provoke US Attack!
Stat of the Day: Tuition Discount Rate
Jim Rogers: Need to abolish capital controls, cut public spending in India
Where Will QE3 Take Us?
100 to 115 SWAT raids per day in the US
Peter Schiff: The Taper That Wasn't
While Much of America Suffers with Stagnation, Washington’s Political Class Is Having a Very Merry C...
Confronting America the Torturer
Congress and POTUS Agree: The President Can Bomb Whomever, Whenever
Sitka Pacific Capital Management Client Letter, May 2013
Bill Bonner: Gold 2.0
