Warren Buffett is famous for his disdain of “investment strategies” that involve making small gains while taking big risks, even if those risks rarely erupt. He has described this approach using the above analogy, although he has said “pennies” instead of “millions”. In today’s $28 trillion US stock market, however, “millions” is a much more appropriate word.
In early April, one of the “wise
guy girl” talking heads released a video on the rise of robots where she claims that within a decade, we could be looking at dramatically different non-farm payroll data. In fact, she even quotes a Forrester study that suggests net-net, for every one job created, fifteen jobs will be lost.
The reaction to this edition of the Guest Evergreen Virtual Adviser (EVA) has the potential to be as incendiary as the subject matter itself.
This week’s EVA brings a special opportunity to hear from David Hay, Grant Williams, and Aaron Chan in an Adventures in Finance podcast. In this 15-minute clip, you’ll hear David candidly open up about one of the “things he got wrong.” Enjoy!
In this exclusive Quarterly Webinar, David Hay reviews what’s happening with the economy, inflation, bonds, energy and the stock market. You don’t want to miss this!