(#WarrenBuffett, #Stocks, #Investing)
Warren Buffett and why you should ignore economic predictions. It seems like everywhere you go, people in the financial media and investors are making predictions about the economy and the stock market. This video covers Warren Buffett’s investment strategy and why he doesn’t factor in economic predictions into his investment decision making process. Nearly all investors act the complete opposite. They try to predict the economy and answer questions like: is the economy entering a recession or is the stock market going to crash? They then try to user the answers to those questions in order to decide how to invest.
Warren Buffett doesn’t believe economic predictions should be factored into investing decisions. This is because, according to Buffett, information has to pass a two part test to be factored into his investing strategy. The information must be both important and knowable. Economic predictions fail the knowable part of that test because economic predictions are notoriously inaccurate.
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