Nobody saw it coming because none of us aren’t at practice and have the expertise to evaluate their practices. We aren’t in the meeting rooms to see how he responds to the scheme sessions and so on. None of us has the information or expertise to make a better educated opinion. Are they always right, absolutely not, but their opinions and decisions are supported with tons of information that none of us have. I work in the analytical field so I am very biased to evaluating as much data as possible to formulate the best decisions for our clients.
We have a saying in our office and it’s called the “Fry Guy Scenario”. What’s that?, it’s when the fry guy at McD’s who has never taken an economics course and never has worked in the financial sector tells you that your financial manager is wrong with the moves he is making with your portfolio. He then goes on and wholeheartedly gives his opinions and advice as being more correct.
As far as being correct without all the info or expertise, well it’s a reason that the phrases “Throw enough **** on the wall until something sticks” or the other one “even a broken clock is correct twice a day” came about. Say enough and something is bound to be right.
Posters swearing that they know more then the professionals is just bazaar to me. But that’s just my opinion and that’s fact based. Just spend time on this forum and you will have all the data needed to support my opinion of that…LMAO!