Tim Price – Dishonest Decade

Tim Price (PFP wealth management) writes in his weekly column, with the heading – “A low dishonest decade marches on”. he says:

“elite business interests – financiers, in the case of the US – played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.”

What has this to do with lessons in Trading ? Read on.

I have never listened to the so called ‘fundamental’ experts coming on different TV channels. Why? Because they are fund managers, brokers, investment bankers who have their own personal agenda, which may or may not benefit the public (you and me). Please understand that this is not to suggest any dishonesy among these people. They are people of integrity, just that their business objectives are different from those of investors who listen to them.

These people have created the bubble, then the bear market, the crisis which has destroyed millions of investors, and now they are going to take the credit for whatever ‘revival’ takes place.

My point is: no one forces you to listen to them. Using your common sense, saying away from greed and fear is your responsibility.