Top 50 Rules to Investing
Rule : 25
Forecasts are Useless.
Why Stock Market Forecasts Are Useless
If I could turn back time, I would make a fortune -- not because I'd buy every great stock early (although that would sure help), but because I'd warn myself of the most dangerous pitfall investors face.
The trap that has cost me the most money is taking stock market forecasts seriously. Analyst earnings estimates and macroeconomic predictions can cost you dearly if you base investment decisions on them. Let's talk about why stock market forecasts are useless and what you should listen to instead.
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