Catching the Coin Podcast
Catching the Coin
Tim Rosen & Troy Barrilleaux
044: The Perils of Predictions - episode of Catching the Coin podcast

044: The Perils of Predictions

28 minutes Posted May 4, 2016 at 10:00 am.
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Show notes

Prognosticators have been making their predictions since long

before we were born.

What is a Prognosticator? Someone who makes predictions and

forecasts. Let's take a look at that….

In This Episode We Look At:
  • Infamous predictions of the past—that didn't happen
  • Current financial predictions and how acting upon them can
    destroy your wealth
  • Why individuals and institutions make predictions? HINT: They
    can profit from your fear.
Today's Resources and Links:
  • You can have a look at the downside of predictions, in the
    shoes of one who made a big prediction and learned to regret it:
"http://www.pbs.org/newshour/making-sense/pleistocene-investor-predicted-dow-5k-18k-feel/"
target="_blank">LINK
One Thing You Can Do Today to Improve Your Financial
World:
  • Learn to recognize the Doom and Gloom predictions. Stay true to
    your planned investment strategy and remember that wealth is
    created by owning equities for the long term.
What Are Your Thoughts?

If you have a question or comment about today's topic, we invite

you to share your thoughts.