STRAIGHT TALK
MICHEL PIREU: Adapt what is useful, reject what is useless and add your own
Let’s face it, when it comes to investing everyone’s in it for themselves. If those who make a living selling, mentoring, coaching, writing and such tell you your stock is going up (or down) in price, you have absolutely no reason to believe them. Which is the reason why you should not follow advice. The scene in the movie The Wolf of Wall Street where Mark Hanna tells Jordan Belfort over lunch that his only objective should be to move money from his clients’ pocket into his own, says it all. "Sure," replies Belfort. "But if you can make the clients money at the same time, it’s advantageous to everyone, right?" "No," answers Hanna. "The number one rule of Wall Street: nobody, I don’t care if you’re Warren Buffett or if you’re Jimmy Buffett, nobody knows if a stock is gonna go up, down, sideways or in f**king circles, least of all stock brokers, right? It’s all a fugazi. Do you know what fugazi is? It’s a wazi, it’s a woozi. It’s fairy dust. It doesn’t exist, it’s never landed, it’s ...
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