The Prudent Investor of Moment Is a Speculator

The Prudent Investor of Moment Is a Speculator
(AP Photo/Richard Drew)
One of the main themes of this weekly letter is to block out the noise of the financial press (professional and amateur). Most of what passes for economic or market news is just noise, distractions that take your focus off what is really important. The noise can be deafening and can prevent you from taking necessary actions or convince you to take unnecessary ones. And you certainly don’t need to waste any time listening to or taking seriously those market commentators who claim some clairvoyant ability. The future, today as always, remains unknowable and a large number of Twitter followers or podcast viewers doesn’t change that.
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