A friend of mine was recently introduced to finance. Me being experienced (if I may say so myself) and been investing for a couple of years. Tried to contain my excitement and laughter as he blabbers around the reason why the stock market will crash or will why it will sky rocket.
After the long monologue, I asked him. "Says who?". Who told you all this stuff? Why are you so confident on your prediction with the stock market? He said that the financial advisor in his company said so.
I don't want to speak bad words to people so I kept my mouth shut. In my point of view, if the market will crash or if it will sky rocket is irrelevant in finding great companies. Great companies will earn money whether the stock market will go down or up. Do not be tempted to think that you could make a lot of money in predicting the market. If there is one super power I would like to achieve in helping me investing, is that to have a lot of patience and sit still. Its a lot more difficult.
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