When I learned that, I assumed that I just hadn't met the right smart people yet. As I worked my way up the food chain, and gained more market experience myself, I began to realize that the smart folks I initially assumed knew what the market was going to do were wrong about the market just about as often as everyone else. For close to 10 years, I kept waiting to meet these people. No one else knows what the market is going to do, either.įifteen years ago, when I was a Wall Street stock analyst, I initially assumed that there were smart people who actually knew what the market was going to do. In my defense, however, I will point out something:
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