My feeling is you NEVER stop learning and there are always people smarter than me/you/etc. You never stop learning and you should always want to learn a bit each day. At least that’s what I try to do.
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I feel the same way, I’ve become an intellectual grazer (not gayzer).
In 2008 I had the financial aptitude of Maureen O’Connor.
Then I got burned during the crash. I was pissed and still am to an extent.
Then I started reading Piggington, Mish Shedlock, Peter Schiff, etc….daily.
One of the most important things I’ve learned is to consult with people smarter than me when possible.[/quote]
You should also balance it out and listen to Bruce Norris (www.thenorrisgroup.com/blog/category/radio) The Big Picture by Barry Ritholz (www.ritholtz.com/blog/) and Calculated Risk (www.calculatedriskblog.com).
I like Schiff and Mish a lot. But Schiff tends to be a Gold Bug permabear who is endlessly saying everything is going to fall apart. As they say “a broken clock is right twice a day”. If you are a permabear, eventually you will be right because the economy goes in cycles, same with permabulls. I’m more interested in the guys that aren’t “perma” anything. Norris, Calculated Risk and Ritholz are less “perma’s”.
Norris is especially awesome. The #1 real estate market timer in California BY FAR. Called the housing bull market 1997, called the crash in 2005 and late 2011 starting calling another price rise. He’s 3 for 3! I like Norris b/c he is a practictioner and a big time investor himself both in flips, development and trust deeds. So he isn’t just a talking head. He has major skin in the game.
