Ep. 007: The Worst Piece of Advice in Cryptocurrency Investing

 

Today's topic comes from a question that Tim Ferriss often asks guests on his podcast. The question is …  what are bad recommendations you hear in your profession or area of expertise?

 

I think the worst advice being given in cryptocurrency today is "Never invest in a cryptocurrency that you haven't thoroughly researched.” Really? Yes. Really. Listen to hear me out...

 
 

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In my opinion [trying to forecast the future] is one of the biggest wastes of time, yet one that is nearly universal in our industry. Pretty much 80-90% of the investment processes that I come across revolve around forecasting. Yet there isn’t a scrap of evidence to suggest that we can actually see the future at all.
— James Montier, GMO Asset Management
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★ Register for my weekly webinar: "How To Invest in Cryptocurrency and Protect Profits Even If The Bubble Bursts" ★

 

LINKS AND RESOURCES:

⇒ SANE CRYPTO Quickstart: Secrets of A Portfolio Manager Applied To Cryptocurrency Investing

The Tim Ferriss Show

⇒ Surprise! Analysts Can't Predict The Future, Henry Blodget, Business Insider

⇒ The SANE CRYPTO Podcast: Interview with Nassim Taleb on Fooled by Randomness

The Green Lumber Fallacy

Anti-Fragile - Nassim Taleb

The Fortune Sellers - William Sherden

Paul Slovic

Daniel Kahneman

Philip Tetlock

⇒ The Psy-Fi Blog: The Big List of Behavioral Biases

Adam Robinson

Adam Robinson on worst investing advice for Tribe of Mentors

Snider Investment Method

 

QUESTIONS OR FEEDBACK:

Email: askkim@sanecrypto.com

Twitter: @sanecrypto 

Or leave a comment below ...

 

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Kim Snider