That was regarded as gospel by most of the successful brokers at Wiley Bros. - the ones with the discipline to mind their research religiously. Congrats on your doing well with less spare time than they have.
You're right about the home-lending problem...you might notice that every market crisis comes from less regulation than what's needed to curb the human tendency toward gluttony. The Republicans don't seem to realize that their love affair with de-regularization always comes back to bite them in the ass because those durned schools teach too many blue-collars how to read how the huge contributors can't resist taking advantage.
I wouldn't get cocky about beating a few brokers/advisers in a short run when they're there for the long run. They sometimes succumb to greed and smoke being blown up their behinds like most others which leads to errors. You want the ones who've been through it all and still retain their certification. Those clinical, insulting bastards running on three hours of sleep and caffeine injections, there's your boys.
And as I work for you I'm going to sleep now.
“.you might notice that every market crisis comes from less regulation than what’s needed to curb the human tendency toward gluttony. “
Well said. Although the poster boy for gluttony, sloth, and avarice won’t agree.
“the poster boy for gluttony, sloth, and avarice “
I want to be clear that I’m not making a reference to anyone on this thread. That’s just my nickname for a certain prominent “conservative” who makes an idol out of “success” and the unregulated market.