Memphis economist and investment professional David Waddell is always great for insight – and a good quote – about the economy.
Here’s what he recently gave the Wall Street Journal about the importance of a good education for an economist like him:
“My economics degree and analytical background is useless in a political environment, where so much of this is about handicapping whether Europe comes up with a plan or not,” Waddell told the WSJ. “While ruminating on the markets during a recent morning jog, it struck Mr. Waddell that success in the stock market required a money manager to be part market historian, part global economist, part stock analyst, part China expert, part political scientist and part psychologist. ‘I should have stayed in school.’”