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Tuesday, 30 Mar 2010
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The Moron Portfolio

I was listening to a high profile financial personality ‘guesting’ on the radio the other day and they were asked by a caller what ten stocks they would pick in a long term portfolio and, amazingly, they had no answer. Instead they fluffed out a couple of totally inappropriate mid cap stocks that would have got you into a lot of trouble.  

Turns out a lot of people we think are financial ‘professionals’ have never given, are not licenced to give and do not know how to give, advice, they just crap on from the sidelines without actually having an opinion on the core, bottom line, ‘nothing else matters’ skill of the finance game, answering the question “What do I buy?”. Its amazing how much noise there is in this industry around

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