Saturday, 8 April 2017

Pundit or Professional?

Are you a Pundit or a Professional?

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The Pundit spends their days making subjective predictions.

The Professional spends their days making objective assessments.

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The Pundit seeks self-promotion.

The Professional seeks self-improvement.

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The Pundit exudes hubris.

The Professional exudes humility.

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The Pundit is forever calling for the next big melt-up or crash.

The Professional is forever focused on avoiding the next big mistake.

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The Pundit seeks out only opinions that confirm their views.

The Professional seeks out all evidence, even if it runs contrary to their views.

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The Pundit believes they know everything.

The Professional knows they know nothing.

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The Pundit makes a living selling fear and greed.

The Professional makes a living helping to control these emotions.

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The Pundit has a sense of entitlement.

The Professional has a sense of gratitude.

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The Pundit seeks to inform.

The Professional seeks to educate.

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The Pundit makes extreme forecasts to gain attention.

The Professional forecasts wide ranges of possible outcomes to gain respect.

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The Pundit thinks in terms of long or short, this market or that market.

The Professional thinks in terms of asset allocation and the entire portfolio.

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The Pundit believes in certainty, conviction, and precision.

The Professional believes in uncertainty, reservation, and probabilities.

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The Pundit reads the news and listens to financial TV.

The Professional reads books and listens to podcasts.

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The Pundit sees everything in markets as black or white.

The Professional understands there is often a gray area.

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The Pundit makes the simple sound complex.

The Professional makes the complex sound simple.

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The Pundit has a prophecy.

The Professional has a plan.

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The Pundit has an answer for every question.

The Professional is often saying “I don’t know.”

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The Pundit is an entertainer.

The Professional is an educator.

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The Pundit gives recommendations.

The Professional offers guidance.

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The Pundit provides a reason for every wiggle in the market.

The Professional provides evidence of randomness and noise.

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The Pundit believes their success is a result of their exceptional talent.

The Professional understands their success is a result of hard work and luck.

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The Pundit lectures.

The Professional listens.

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The Pundit is thinking about the next day.

The Professional is planning for the next decade.

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Pundit or Professional? The choice is yours.

Source: www.pensionpartners.com

Quote for the day

"When happiness points in one direction while wisdom, truth, integrity, and common sense point in another, that's when really smart people start doing really stupid things." - Andy Stanley