John Neff

They let macro noise short-circuit their logic.

Every January, there's the Barron's Roundtable with legends like John Neff and Mario Gabelli.

If you ignored their macro worrying and just bought their stock picks, you'd make a fortune.

But if you listen to their fears about interest rates, the money supply, and geopolitics, you'd be too terrified to ever invest.

That's career risk.

And John Neff said, if the client would fire you if you sell a stock, you should sell the stock.

Yeah.

Yeah.