Henry Blodget — Why Stock Picking Fails
Henry Blodget writes at Slate “Sop Picking Stocks — Immediately.”
[tease]
The most dangerous investment advice is often that which seems most sensible, which is why the worst investing counsel you will likely ever receive is that you should try to pick “good” stocks and sell “bad” ones. You will get this advice in one form or another from innumerable sources, including (some) investment advisers, friends, colleagues, Wall Street, and the investment media. You should ignore it.