If you’re a fan of business news on television, you probably remember Peter Grandich. The former Wall Street Wiz Kid came to fame by boldly, and correctly, predicting the stock market crash of 1987 that few saw coming.
Grandich resisted the pressure from his bosses on Wall Street to withdraw his prediction and suffered the ridicule of many on the street and in the media…until he was proven to be correct. Then he was on his way to fame and fortune. Literally.
Today Grandich can’t get an invitation to a Wall Street Christmas party, never mind a segment on Cavuto. Not that he cares. He believes and is not shy about saying that most on Wall Street are fooling themselves. Grandich proclaims that trying to beat the market is a fool’s errand. Buy low cost index funds is his suggestion to the vast majority of investors.Art Gallagher | Filed under: Business, Monmouth County News, New Jersey | Tags: Monmouth County News, New Jersey, Peter Grandich, Peter Grandich and Company, Trinity Financial Sports and Entertainment Managment | Comments Off on Adviser to Pro Athletes Serves Everyday Investors