The only function of economic forecasting is to make astrology look respectable.
For most people, there can be few things worse than waking up one morning to discover that most or all of your wealth has disappeared through fraud, with little prospect of recovery. But in so many of the cases discussed in this book, the victims could have avoided or significantly reduced the risk of a massive loss by following well-established investment strategies and procedures. In this chapter we will look at how you can do this.
Even though as investors we must rely on the expertise of others in so many ways to be able to participate in the financial markets, we still need to take precautions ourselves. We cannot expect the ...