Bob Olstein, Chairman and Chief Investment Officer of The Olstein Funds, says there are ways to profit from panics as people try to predict the markets’ direction.
Bob Olstein, Chairman and Chief Investment Officer of The Olstein Funds, has been managing money for over forty years. He says Wall Street has been feeding myths to investors for years to the detriment of the public.
In yesterday’s first of a three-part interview, Olstein explained that a good company is not always a good investment.
In today’s installment, Olstein says there’s another myth that Wall Street has been fostering in the minds of the masses: The idea that the market moves in the direction of major economic indicators.
(Read: U.S. government shuts down, next steps unclear)
“Since the Crusades, nobody has ever predicted the stock market with any degree of regularity to profit therefrom,” says Olstein.
His proof?
“There are no trillionaires out there,” he says. If anyone could accurately predict it the markets
Read More »from Olstein: Make money NOT predicting the market

