Be very wary of certainty. Certainty does not exist in the finance world but certainty is what sells.
Morgan Housel, Author of New York Times bestseller “The Psychology of Money”
If someone says: “we know that a recession is going to come in the next six months” or if someone says: “we know this stock is going to double”; any level of confidence like that is just not how the world works.
The best way you can do when studying the economy or investment market is just putting the odds of success in your favor.
That’s why a lot of the pitches that are online promote this degree of certainty could be really dangerous and that’s a big red flag.
So anything guaranteed results, say if someone says: “invest in this stock you’re going to double your money”; that’s obviously a big red flag.
