3/31/2006

Don't follow the gurus

There are more gurus than traders. So which one should you follow ? There is some sound analysis here.
Can analysts, experts and gurus really give you an investing/trading edge? Should you track the advice of as many as possible? Are there ways to tell good ones from bad ones?
In summary, recent research indicates that the average "expert" has little to offer individual investors/traders.
Finding exceptional advisers is no easier than identifying outperforming stocks. Indiscriminately seeking the output of as many experts as possible is a waste of time. Learning what makes a good expert accurate is worthwhile.

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