I was getting my eyes examined last week and was discussing the economy and the stock market with my optometrist, whom had an interest in such subjects. When I told him about Rational Speculation, he asked me a legitimate question, which I thought I would answer here. Why do I blog?
Maybe I should have gotten my head examined instead of my eyes, but here’s the reason:
Years of observation and experience have given me a cynical attitude concerning many corporations, brokers/dealers, investment bankers, and Wall Street. I’m of the opinion that most financial corporations are designed to enrich themselves at the expense of individual investors.
Many of the professionals who work for these corporations often don’t have any better insights then anyone else who’ll make the effort to conduct their own investigations and research. As a matter of fact, there are so many misrepresentations, conflicts-of-interest, biases, and outright lies and fraud on Wall Street, that you’d be foolish not to manage or closely monitor your own individual investments.
So, I use a “hands-on” approach in managing my investments. I believe that I can manage the markets and pick stocks better most of the “so called” experts. I’ve been successful throughout the years at managing my own finances and investments, and I believe that anyone who’ll put forth the effort can be successful too.
But, anyone can say that they’re successful without having to prove it. So, I blog to present my ideas, opinions, stock picks, and portfolio for everyone to evaluate and decide for themselves.
Disclaimer: It would be “irrational” to think that I have all the answers, am omniscient, or infallible. So, to hedge my speculations, I only trade stocks with a small portion of my portfolio (see “About Me“).
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