In Gurus We Trust

Wai Mun Fong and Benedict Koh

Chapter 31 in Managing Your Personal Finance:From Start of Career to Retirement and More, 2020, pp 203-208 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Dear David,It seems to me that many investors simply cannot accept the notion that stock prices are very difficult to predict. We don’t buy the idea that the market “plays dice” (apologies to Einstein), so we continually look for prophets to guide us through the wilderness. This desire for order in the midst of chaos has created a cottage industry of market gurus, which is the subject of my letter today.

Keywords: Personal Finance; Investment; Managing Money; Retirement planning; College planning; Borrowing; Buying Bonds; Investing in Real Estate; Estate Planning (search for similar items in EconPapers)
JEL-codes: D14 (search for similar items in EconPapers)
Date: 2020
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