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Mark Cuban – A Case Study in Worthless Predictions

PUBLISHED
February 15, 2021
WorthlessPredictions

What Works for Financial Media Goals Doesn’t Necessarily Help You Reach Yours

The financial media love to get clicks by asking high profile pundits their thoughts on the markets, but they seldom get it right, as shown here from Mark Cuban/CNBC. Ignore the prognosticators and instead own a high quality, diversified portfolio for the long run.

Here are some quick words of wisdom from real pros that don’t get as many clicks:

“In all my 60 years in the stock market, I never found anyone whose opinion of what the stock market would do next week or next month was worth heeding” – Sir John Templeton

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves” – Peter Lynch

“Forecasts usually tell us more about the forecaster than of the future” – Warren Buffet

This chart shows several times Mark Cuban made headlines with his worries about the market (and how incorrect he was).
This chart shows several times Mark Cuban made headlines with his worries about the market (and how incorrect he was).

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This commentary is provided for general information purposes only, should not be construed as investment, tax or legal advice, and does not constitute an attorney/client relationship. Past performance of any market results is no assurance of future performance. The information contained herein has been obtained from sources deemed reliable but is not guaranteed.

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