Wednesday, January 03, 2007

Interesting fact about John Maynard Keynes

"John Maynard Keynes is recognized as one of the foremost economists of the last century, but he lost personal fortunes several times over due to misguided expectations."

That's an interesting piece of evidence for the fact that pundits' predictions are often wrong. I found it in "The Sky Is Falling," a nice Wealth Manager (Nov. 2006) article by Timothy Schlindwein. Schlindwein concludes that "The advisor's responsibility is to watch, evaluate, and temper any assessment of doomsday with an open mind and a proper dose of skepticism."



Post a Comment

<< Home