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In Gurus We Trust

In: Managing Your Personal Finance From Start of Career to Retirement and More

Author

Listed:
  • Wai Mun Fong
  • Benedict Koh

Abstract

Dear David,It seems to me that many investors simply cannot accept the notion that stock prices are very difficult to predict. We don’t buy the idea that the market “plays dice” (apologies to Einstein), so we continually look for prophets to guide us through the wilderness. This desire for order in the midst of chaos has created a cottage industry of market gurus, which is the subject of my letter today.

Suggested Citation

  • Wai Mun Fong & Benedict Koh, 2020. "In Gurus We Trust," World Scientific Book Chapters, in: Managing Your Personal Finance From Start of Career to Retirement and More, chapter 31, pages 203-208, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811212574_0031
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    More about this item

    Keywords

    Personal Finance; Investment; Managing Money; Retirement planning; College planning; Borrowing; Buying Bonds; Investing in Real Estate; Estate Planning;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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