October 10, 2018

Thoughts on "tv talking heads"

Doug Kass via twitter

Remember when homebuilders shares were rising earlier in the year - and "talking heads" confidently paraded around said it was a sign of a strengthening housing market?

More lessons learned:  
* Markets are inefficient, fundamental analysis is a guiding star.

* Often charts tell us where we've been not where we are going.

* There are many beautiful charts that lie at the bottom on the sea.

* Hide your portfolios and children from the hubris and self confidence in the business media.

* Pride goeth before fall.  And so do handshakes.