Tim M. has been writing good articles at SeekingAlpha and is liked and adored by many. I'm not attacking him, but we have to ask:
Are we following investment advices from some one who can read, think and write without making a BUCK in the market?
How many folks at the Ivory Tower made a bundle in investing even some with Nobel prizes? Not the most beautiful minds like Newton and Einstein.
Some even made you lose big money like the Nobel prize-winning economists running LTCF to bankruptcy. Irving Fisher, considered to be the father of MPT, had several big wins, drew a lot of followers and then lost all his and his followers' money. Even the richest investor Buffett did poorly in his company in trading stocks in last 5 years.
Mutually admiring society and biases could make you poorer. I enjoy Tim's articles but it does not mean I've to follow him. I follow those who made a bundle in real life. Also even those who lose a lot as they provide valuable lessons of not to do.
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