One of the obstacles in our path is the refusal of many of the past successful money managers to admit when they are wrong. I heard a quote on Money Talks one Saturday morning that I really took to heart.`Do not be stubborn with your opinions of the markets and listen to what the markets are telling you, because the markets are never wrong` Watch this BNN segment and witness a very smart man embarrass himself by refusing to acknowledge that he might be wrong. Rather he makes excuses for his misread of the markets. Perhaps time will prove he is right, however Mark Lebovits is making lots of money right now for himself and all his clients, and that is what matters.

http://watch.bnn.ca/#clip234718