financial ruin. so maybe i shouldn t do that anymore. so in the book, let s go through some of these things, you talk about number one how to believe in your heart that you can pick stocks. right. even very intelligent, very wonderful people believe they can pick stocks. i say the evidence is overwhelming, the data is overwhelming over long periods of time that if you just buy the indexes, buy broad spectrums of stock. all the dow stocks. all the s&p stocks. you will outperform picking stocks. almost no one can pick stocks specifically bp indexes. even warren buffet, the greatest genius there has ever been about picking stocks says at this point he doesn t think he can outperform the s and p. that s interesting. you have to spend or devote about 10 hours a week to studying a particular stock to feel confident in buying that stock. who has that kind of time? even if you do have that kind of time, you can t do it. look, the big investment banks and big broker have staffs of investo
tax code once these charges are booked however companies have a lot to look forward to in the long run all profit from paying less corporate taxes in the us. on this let s go over to our man a wall street quarter yes so it seems that companies will have to step in line to reap the rewards of this reform what will that mean for them. well it s probably a one time event and if we talk about those deferred tax and s. it said the company would have paid those anyway just later in the future and as we ve just heard in the mid and long term especially companies from the financial industry from the energy industry it will probably in the long run profit from the new tech system and we ve also seen it on the stock market those stocks have not been highly damaged by those a one time payments all right well we ve got some new highs on the nasdaq and the
companies on the s. and p. five hundred sets report. it s the busiest week of the earnings season by far and one reason that the stock market has risen so much in the past couple of months was due to the expectations that corporate earnings actually will come in a better than expected and we ve just seen that recently that we had some misses and that actually could put some pressure on the market here on monday for instance the stock of general electric lost more than six percent in value after that company mr earnings expectations on for right it was the first earnings miss in about two and a half years specially the focus will be on thursday when the big tech companies will be out with earnings amazon google microsoft intel but then also on tuesday we will have general motors for instance or make donaldson out was numbers so