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Retiring Wall Street Strategist Gives Amazing Investment Advice Just Before He Quits

Saturday, May 18, 2013 - 1:43 PM
From Business Insider:
One of Morgan Stanley's investment strategists, Gerard Minack, is retiring.

... As a parting gift to clients, Minack wrote a two-page farewell note that contains the best investment advice you will likely ever receive.

What is this investment advice?
  • Don't try to pick stocks
  • Don't try to time the market
  • Just invest in a portfolio of low-cost, tax-efficient index funds
... Minack does not actually explicitly articulate this advice.  Rather, he just demonstrates conclusively why any other investment strategy is idiotic.

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