Friday, April 3, 2015

A Fundamental Misunderstanding

If you believe your financial advisor needs to be fully informed about what is going on in the market so that they can better look after things for you, then you have a fundamental misunderstanding about what the markets are, what somebody can do for you, and what are reasonable expectations.

A long term investment horizon strips away the need to know what is going on in the here and now. 99% of the sturm und drang created by the markets is simply noise.


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