The Best Investors In The World Get Things Wrong Sometimes

When it comes to investing or trading I always stress doing your own research. Nothing is more important than a risk management plan and the proper time spent to make a decision with your money. Too many people rely on the opinions of others without taking the time to properly understand the investment they are risking their capital on. Whether it be stocks, bonds, crypto, commodities. . The investment vehicle really doesn't matter. What matters is whether or not you have a solid understanding of the investment and what situations may disrupt your outlook for future price appreciation, along with how you will react from a risk perspective if such circumstances were to arise. Risk management is paramount in being a successful investor or trader. 

The point of this post is not to provide investment or trading advice, but rather point out that the best investors in the world get things wrong sometimes. Chances are the investment/trading gurus who are providing you advice are no where near the level of sophistication as the best in the world. So if the best traders get predictions wrong in a big way, then how many times do you think your guru going to be flat out wrong on their investment recommendations? 

Ray Dalio is head of the world largest hedge fund and he is regarded by many as the greatest investor in the world. . 

 Bridgewater Associates founder Ray Dalio offered some guidance to investors a few short weeks ago, on the sidelines of the World Economic Forum in Davos, Switzerland. 

. . . "  If you’re holding cash, you’re going to feel pretty stupid." 

 However, Dalio was flat-out wrong, if he intended to prevent investors, waiting on the sidelines, from missing spectacular gains. 

His market prediction may very well be the top of the stock market for the next couple of years! In other words, he was telling people to buy the highs! 

The full article can be found here                             

Just some food for thought. If Ray Dalio can be flat our wrong and he manages 100's of billions, then how bad can your trading gurus advice be? Think about it. . .