Look at Euro Pacific Capital's Peter Schiff as he gets laughed at, Cassandra-like, when he predicts the coming economic collapse. These highly respected and paid financial pundits look pathetic in hindsight. Talk about "I told you so."
Peter Schiff Was Right 2006 - 2007 (2nd Edition)
Here's the link to You Tube if you're having trouble viewing
http://www.youtube.com/watch?v=2I0QN-FYkpw
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Oh my god that was absolutely hilarious. I laughed out loud when they went through their stock picks and they all chose financials!
ReplyDeleteThis guy is brilliant. Kudos to him for swimming against the current. The other so called experts - I think it shows how we have a tendency to believe what we want - not to mention a little hubris.
I wish that guy was my investment advisor.
He still can be your investment advisor. He's still making predictions. He doesn't see good things for the Obama administration.
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