Financial Services & Recruiting academyrecruiting on 14 Nov 2008 12:00 pm
John Kenneth Galbraith had it right about forecasters
I ran across this great John Kenneth Galbraith quote the other day, and I will admit I hadn’t heard it before.
He said it back in 1993, but it’s never been more appropriate than right now:
“There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”
- John Kenneth Galbraith, Wall Street Journal, January 22, 1993
Please keep that in mind as you read the seemingly infinite number of words being written about the financial markets, “meltdowns”, recession, depression, and so on.
More specifically, don’t base your future career choices on anybody’s predictions about “what’s hot and what’s not”. I bet you can think of a number of careers that were once considered the “big thing” but don’t look so good right now - I know I can. And if you went into one of those careers not because you loved it, but because you thought you had a sure thing forever, you’re likely to be mighty disappointed right about now.
If becoming a financial advisor is what you have in your heart to do, then do it.
