If the “experts” are so smart, why aren’t they richer? The main truth about financial markets is that information can be exploited for financial gain. If the “experts” and economists truly understand financial markets and economic data better than market participants, these “experts” would be incentivized to use their knowledge to capture the economic reward. Obviously, they don’t do this. Not only are they unwilling to put skin-in-the-game and take risk with their own capital, but they also have been proven to be highly inaccurate over the years. They told us that inflation was transitory in 2021-2022. They promised us sky high inflation, empty shelves, and the next Great Depression last year. And the “AI bubble” should have popped 6 of the last 3 times according to these geniuses. The best advice I can give to individual investors trying to navigate financial markets is to stop listening to these “experts.” They have no clue what they are talking about and there is no penalty for when they are wrong. Instead, seek out the insights and knowledge of today’s capital allocators. Their views are littered across X, podcasts, YouTube, Substack, and various other platforms. Never in human history has the average citizen had such unfettered access to the real-time opinions and thoughts of the world’s greatest investors. Use this newfound access as a competitive advantage. Ignore the “experts.” Seek out the risk-takers. They are telling you everything you need to know.(Anthony Pompliano 🌪)