The Foolish Four
In 2000, the Motley Fool ran into controversy with its eventually discredited Foolish Four investment theory. The theory had been constituted squarely on the shoulders of the Dogs of the Dow analysis popular at the time. In the same year, Motley Fool writer Ann Coleman admitted that the Foolish Four method "turned out to be not nearly as wonderful a strategy as we thought."
Read more about this topic: The Motley Fool
Famous quotes containing the word foolish:
“It is long ere we discover how rich we are. Our history, we are sure, is quite tame: we have nothing to write, nothing to infer. But our wiser years still run back to the despised recollections of childhood, and always we are fishing up some wonderful article out of that pond; until, by and by, we begin to suspect that the biography of the one foolish person we know is, in reality, nothing less than the miniature paraphrase of the hundred volumes of the Universal History.”
—Ralph Waldo Emerson (1803–1882)