Making Money is More Important Than Being "Correct" on the Economy

I've been watching some of Peter Schiff's videos again recently. I still think he's "right" with his analysis of the economy on the macro level, even though I very much disagree with his thoughts on Bitcoin and other cryptocurrencies.


But the problem with Peter Schiff's analysis is that if you acted upon his advice, you wouldn't have invested any money in the stock market over the past decade, missing out on several years of incredible gains. Meanwhile, the gold that Peter has been talking so favourably about hasn't performed well at all in comparison.

That's why I say that when it comes to investing, it's more important to be profitable and make money than it is to be "right" about the economy as a whole with your macroanalysis.



DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.



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