About conflicting opinions

This week, I reflected on the volume of conflicting data bombarding the American investor. To start, Linda Duessel, Sr. Vice President and Sr. Equity Strategist at Federated Hermes posted a comment titled “I’m a glass half full kind of girl”. Because of her profession, she kind of has to be, and we’ll get to that in a moment.

JP Morgan Chairman and CEO Jamie Dimon caused a stir lately when he spoke of a “hurricane” hitting the US economy. Now, Brian Wesbury, chief economist at First Trust, said in his Monday Morning Outlook “Dimon could possibly be right, but it’s far too soon. May’s jobs report confirmed that the US economy continues to grow. »* So, what gives? At least two things. Dimon is probably the most prominent senior executive in the world of global banking/financial services. Duessel is a stock market strategist and Wesbury is an economist. Put them all in a room together and you’d expect everyone to weigh differently – and the time frame being discussed would likely cause everyone to alter their opinions. Jamie Dimon is by far the most famous, so you can expect his thoughts to deservedly get the most airtime. Add Warren Buffett to the conversation and while they may all have different opinions, others will likely defer to him simply because he’s the oldest and wealthiest. Not to mention his “grandfather” attitude. Also remember that a broken clock is accurate twice a day, so just take a position and stick to it and he/she will be right at some point. If all of this were easy, everyone would be doing it – and the vast majority of investors wouldn’t lose so much money! Making smart investment choices takes a lot of work – a little luck really helps.

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