The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: dungoofed on July 21, 2015, 06:00:07 AM

Title: The travels and travails of the macro tourist
Post by: dungoofed on July 21, 2015, 06:00:07 AM
http://www.washingtonpost.com/business/get-there/the-travels-and-travails-of-the-macro-tourist/2015/07/16/31eeaf64-2b2d-11e5-a5ea-cf74396e59ec_story.html

Hanging on every twist and turn of the headlines are a group of folks we call “macro tourists.” They are a terrific source of chatter at any cocktail party — such as “Tsipras may have just doomed the Greeks for the next decade.”

Why does this matter to investors? For two reasons: First, macro tourists are everywhere; and second, they seem to be terrible stewards of your capital.