Why Does Pessimism Sound So Smart?
Especially when things are so good.
This is a great article on a phenomenon which I’ve been subconsciously aware of for a long time, but never put much thought into.
I think we are all susceptible to this as there is no shortage of, “prognosticators” out there trying to sell books/newsletter subscriptions. It is very important to remember however, that very few of these prognosticators have any responsibility to clients, nor do they manage real money. It is also very rare that anyone keeps track of their previous cries.
With that said, I believe it is important to surround yourself with optimistic and pessimistic viewpoints in an effort to remain balanced. To that end, I recently began following a handful of reputable money managers that hold a pessimistic view.
Enjoy the article. Hope it helps you cut through the noise and reduces your stress level.
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