Humor Friday: Hubris vs Humility

April 30, 2021 pwm1

It is an interesting facet of the human condition that the less people know, the more answers they are willing to share.

—Mike Hazell (Image licensed by Penn Wealth Pub.) 

Having been an investment professional for decades, there is still not a week which goes by that I don’t glean something from the markets. Corrections are the humbling experiences during which I learn the most. Not since the late 1990s, in the midst of the “new economy” frenzy before the great downturn (the NASDAQ began its 78% slide in March of 2000), have I seen so many people investing in vehicles about which they know so little. For what it is worth, at least they do so with extreme confidence.

—Mike Hazell, Penn Wealth

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