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	<title>Comments on: Not news</title>
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		<title>By: dean</title>
		<link>http://tips.vlaurie.com/2007/06/not-news/comment-page-1/#comment-4030</link>
		<dc:creator>dean</dc:creator>
		<pubDate>Mon, 02 Jul 2007 19:22:11 +0000</pubDate>
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		<description>&quot;Constant predictions about the economy, which are never right.&quot;

Amen to that. Peter Lynch, the legendary investor who put the Fidelity Magellan fund on the map with its extraordinary performance in the eighties once said &quot;if you spend thirteen minutes a year on economics you have wasted eleven minutes.&quot;

Suffice to say, Magellan was never the same after he retired. Another investing legend, Warren Buffett, has a similar disdain for over-analyzing the economy.</description>
		<content:encoded><![CDATA[<p>&#8220;Constant predictions about the economy, which are never right.&#8221;</p>
<p>Amen to that. Peter Lynch, the legendary investor who put the Fidelity Magellan fund on the map with its extraordinary performance in the eighties once said &#8220;if you spend thirteen minutes a year on economics you have wasted eleven minutes.&#8221;</p>
<p>Suffice to say, Magellan was never the same after he retired. Another investing legend, Warren Buffett, has a similar disdain for over-analyzing the economy.</p>
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