Diversify your information sources. This article caught my eye because it talks about something I’ve noticed a lot recently, especially since joining the financial side of Twitter: a lot of people make predictions about the markets, and a lot of those predictions are wrong.
But, once they make one right prediction (even just by chance -- hence “the broken clock is right twice a day” saying, as mentioned in the article) they wave it in peoples’ faces.
Then, of course, some people think “Wow, this person is an investing genius, they predicted this!” and they start to follow their advice religiously -- which can end up being pretty harmful if that persons track record is one right prediction out of 50 failed ones.
The point? Get your information from multiple sources and always make your own conclusions. Don’t follow others’ predictions blindly.
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