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August 8, 2022

Financials Matter

"It's Not Just About Finance"

W. C. Fields Explains the Markets

“It’s morally wrong to allow a sucker to keep his money.”  -W.C. Fields-

 

Have you ever laughed at a joke and thought, “Hmmm!  That was funny…but it also makes a lot of sense.”

If that’s the case, then you also know that most comedian’s jokes come from real life experiences.

Some of W.C. Fields best jokes came from him (allegedly) taking an event (or something he experienced) and asking two questions about it.

  • What’s funny about this?
  • Why is it funny?

 

Okay, by now you might be thinking, “What’s this have to do with investing?”

Your answer might surprise you.

Try asking yourself those questions about a time you bought into some Wall Street overhyped idea that ended with you losing money.

Go ahead.  I’ll wait.

 

If you’re like me, when you look back at an unwise decision, you gain a unique perspective.  And it’s often funny.

But the key takeaway is, “What did you learn?”

Did you get persuaded by some smooth talking “Guru” you saw on TV?

Or did you read a compelling/well written financial newsletter that caused you to act on impulse?

If so, then welcome to the W.C Fields club.

We’ve all fallen for the hype at one time or another…and that’s why his quote makes so much sense.

It’s also the basis for Wall Street predators whose sole purpose is to help you part with your hard-earned dollars.

And the funny part is, many of these “experts” are people with little or no experience in the investment world.

But they can write convincing letters or articles that make you salivate for what they’re promoting.  (That’s the real joke Fields is referring to.)

At Financialsmatter.com we have over 107 years of “boots on the ground” experience.

Compare our experience with other theories (HERE)

You’ll thank us later.

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