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“The function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith,
Economist and Author
Market Forecasting is a Folly
![](https://selectedfunds.com/img/wgi/market_forecasting-1.png)
Market Forecasts are Consistently Wrong.
Following Them Can Hurt Returns.
— Wall Street Strategists' Average Predictions
— Actual Market Returns
1 Source: Wall Street Journal Publications. From 1999 through 2005, numbers reflect Dow Jones Industrial Average forecasts. In 2006, the S&P 500® Index was used exclusively. Past performance is not a guarantee of future results.
Investor Behaviors That
Improve Returns
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Disregard Market
Forecasts
![](https://selectedfunds.com/img/wgi/sand_time_x2.png)
Be Patient
![](https://selectedfunds.com/img/wgi/dive_x2.png)
Consider Investing
When Feeling Fearful
![](https://selectedfunds.com/img/wgi/jump_v2.png)
Don't Jump In & Out of the Market
![](https://selectedfunds.com/img/wgi/stats_tv_x2.png)
Tune Out Daily
Market Drama
![](https://selectedfunds.com/img/wgi/handshake_x2.png)
Work with a Trusted
Financial Advisor
Disregard Short-Term Forecasts
“As stewards of our shareholders’ savings, it is important to share the wisdom we have acquired over more than half a century of investing.”
Chris Davis
Portfolio Manager and Chairman
![](https://selectedfunds.com/img/wgi/chrisdavis.png)