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Effective Investing: A simple way to build wealth by investing in funds by Mark Dampier

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Chapter 9. Reflections on a Three-Decade Career

If you have been around the investment business as long as I have, it is impossible not to develop some strong opinions about the way that the industry has developed and is regarded in the wider world. In this chapter I offer some thoughts on the things that bug me, together with some further reflections on aspects of investing that I have only touched on earlier in the book. Feel free to disagree with me if you wish! As I have learnt over the course of the last 30 plus years, nobody can claim to be right about every aspect of investment. Experience is certainly the best instructor I have had.

On the perils of forecasting

There have been some dramatic stock market crashes in my time as a professional ...

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