Swedroe Slams Marc Faber In “Gurus Without A Clue” Op-Ed

Larry Swedroe, the director of research for The BAM Alliance, a group 140 registered investment advisor firms, is not a big fan of market “gurus” who regularly make forecasts to provide fodder for the financial media.

He points to studies showing that no one is really accurate at short-term stock market predictions and says: "I have learned that there are only three types of market forecasters: those who don’t know where the market is going (count me among them); those who don’t...

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