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Boskin’s Bottom Tick: Obama’s Killing the Dow

Posted By Barry Ritholtz On March 9, 2011 @ 1:30 pm In Investing,Politics,Really, really bad calls | Comments Disabled

Daniel Gross tweeted this blast from the past :

flashback: 2 years ago this week, Michael Boskin penned WSJ op-ed: “Obama’s Radicalism is Killing the Dow.” Market has nearly doubled since.

My post 6 months later — Michael Boskin on “The Obama Crash [1]” — pointed out how wrong Boskin was (which is pretty true about nearly everything he has ever said)

I even used that as an example in my be objective column for the Washington Post: Why politics and investing don’t mix [2].

I will say it here yet again:

1. Reality matters
2. Intense emotions are very dangerous to your returns
3. Control Distractions: Focus on what matters to your portfolio
4. Do your job: You are a fund managers, not a policy wonk
5. Have a plan, then execute it


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/03/boskins-bottom-tick/

URLs in this post:

[1] The Obama Crash: http://www.ritholtz.com/blog/2009/12/michael-boskin-on-the-obama-crash/

[2] Why politics and investing don’t mix: http://www.washingtonpost.com/wp-dyn/content/article/2011/02/06/AR2011020600114.html

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