Before I dislike the economist as a title or a profession and I felt embarrassed to say I was majoring in economics, since at that time I thought it stood for stubbornness, old school and poor professors. After years in the trading business, I now have a totally different point of view.
As a short term trader, all I can foresee is hours ahead or days ahead maximum. So the profit is limited by the time. Once the price is beyond the time I could reasonably guess, I become uncertain and suspicious.
But the economist can forecast much further than that. I am talking about the best breed, like Jim Rogers, Warren Buffet etc. They see things years ahead. Jim Rogers has been bullish on basic material since years ago. Warren Buffet bought Petrochina when nobody wanted it and sold it at high.
That is power I want to pursue in the future. I wish I could be one of them, I could see what they see, do what they do. I dream to be called as an economist.
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