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."
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Famous quotes containing the word foolish:
“Men are not philosophers, but are rather very foolish children, who, by reason of their partiality, see everything in the most absurd manner, and are the victims at all times of the nearest object. There is even no philosopher who is a philosopher at all times. Our experience, our perception is conditioned by the need to acquire in parts and in succession, that is, with every truth a certain falsehood.”
—Ralph Waldo Emerson (1803–1882)