Investors Believe In Black Magic

Would you turn to a witch doctor or shaman if you had a serious medical condition? No rational person would in this day and age.  And yet these same rational folks believe in the black magic of market predictions and stock picking from talking heads on Wall Street.

It defies rationality.

There has never been a single instance of a person with an ability to predict the markets or the direction of a stock to the degree that there next pick has a better than random chance of being more right than the behavior of the markets as a whole.  In this video, Bill tells you what really goes on in the investment world, and encourages you to acquire the wisdom that will result in a halt to the feeding of the beast in the form of excess management fees.