Although this quote could seem shocking, the philosophy that David Gaffen expresses in his new book closely aligns with our own. It might sound like he’s saying, “Don’t buy equities.” However, he’s basically recommending that most investors not buy individual stocks. See the video below where he explains why he prefers low-cost, diversified investments instead.
If you are interested in learning more, you can check out a Yahoo! Finance article here. (The link opens a new window.)
Here is a six minute video from that article: