You pay a very high price in the stock market for a cheery consensus

Friday, January 26, 2024 Francisco 0 Comments


20 years ago it was consensus in Portugal that if you got a degree, a paper, even if it's Journalism or nurse you would be good for life. fast forward 20 years most of the people with diplomas make less money than the Elevator technician that has a trainning experience.

The picture below (without face or plate ) if from the elevator technician yesterday. That is a smart guy he did not went (or could not) with the consensus. Perhaps even better he is a lawyer but changed to a better life and a better pay.


"What the wise do in the beginning, fools do in the end."

Warren Buffett

“The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.” 

Warren Buffett









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