Jim Mueller, CFA
@TortoiseFool
Investor. Advisor and analyst at The Motley Fool. Once upon a time molecular biologist. Opinions are my own.
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"Empathy and compassion are evolved states of being."
The danger of making predictions. Michael Wilson @MorganStanley said equity risk premium in "death zone" and stocks could slide up to 26% in first half 2023. bloomberg.com/news/articles/… Up 10% since. Remember 2010/11? Market experts said rally off of '09 low too much, too soon. Hmm.
The danger of making predictions. 11/3/22 Greg Jensen said S&P500 to go down 20% more over next 6-7 months. marketwatch.com/story/greg-jen… He was suffering from recency bias and predicted the past as so many do. Think about it, yes. Prepare for it, yes. Predict it or count on it, no.
53-year economic prediction. Wow. Wish I had @GoldmanSachs' crystal ball. bloomberg.com/news/articles/…
Just learned @CathieDWood called some investors "old DNA" My view: Old DNA is successful DNA. It's survived & been passed along generations. It hasn't killed its organism via mutations that lower survival. It confers a needed function to survival. I'll take the compliment. 🧬😄
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