If u attend investment seminars in S’pore, u’ll see a lot of oldies dozing off but waking up to write down stock market tips. That they are still fishing for tips at their age show that tips don’t work. But then these are ah peks are like the anti-PAP cybernuts.
From NYT Dealbbok:
LAW OF AVERAGES
By DAMON DARLIN
The temptation for financial experts to offer stock tips is almost irresistible, but history shows why taking them is a bad idea.
By JAMES B. STEWART
Investors who made the correct — and often bold — calls of last year see opportunities in the uncharted waters of the year ahead