"I cannot emphasize enough that anyone who thinks that by reading investment reports he will become rich is an incorrigible dreamer."
"All I can say is that everybody in the forecasting business has had for some time his place in the sun, but also encountered periods when everything went wrong. In the 1970s, Joe Granville had a perfect record at identifying peaks and lows in the US stock market and he became world famous. Then in 1982, he missed the August low and remained bearish until 1987. Nobody paid any attention to him anymore although he correctly called the October 1987 low. Therefore I think that the best way of approaching reports by strategists, market timers, economists and industry analysts is to use them as a source of market intelligence and inspiration."
"By inspiration I mean that a newsletter or report should provide the investor with investment ideas and guide him on his journey toward capital preservation. However, what reports (including this one) cannot do for investors is to make money for them because that will largely depend on investors allocating their capital wisely. Meaning each investor lives under different economic, social and financial conditions and therefore, only he himself can know how much capital he should risk in a single investment or a particular strategy."