Stock Market Savoir-Faire
Anchors on TV business channels are prime examples. Most people who make a pretense of stock investing expertise lack fundamentals in market and technical competence. Beginner’s luck is notorious on every stock exchange, but exaggerated images of expertise are more insidious and damaging. Information, disinformation, and partial truths are the army, navy, and air force of stock market operators. It is a free-for-all, with victors and victims changing places even several times a typical trading day. One may stumble upon a gain by chance, but it is the methodical sifting of rare gems of facts, from virtual mounds of fantasy,…