The world’s smartest investors have failed …

Time and again, we see a phenomenon recurring. Experts fail to live up to what they promised. It only goes to prove that while these people are smarter than many others, the combined intelligence of the markets remains unbeatable for long. Read this post by Motley Fool:

The World’s Smartest Investors Have Failed: The poor performance of hedge funds

In the book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”, we have mentioned many such anecdotes when either the experts failed to deliver on their promises or they failed to beat the market or both.

The truth is: There are no experts, only varying degrees of ignorance.

#RidingTheRollerCoaster – 156

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