Brown Admits He Can't Read Charts Either

Josh Brown published a list of stocks. They went down. He's now explaining what went wrong with three of them.

This is what passes for financial education. A guy picks stocks, watches them tank, then records a video about the "lessons learned." The lesson is that he guessed wrong. There's your lesson.

Sean Russo joins him for this exercise in public flogging. Two grown men sitting in chairs discussing their mistakes like it's therapy. Except therapy might actually help someone.

The Best Stocks list. That's what they called it. Not the Pretty Good Stocks list. Not the We Think These Might Work Out Stocks list. Best Stocks. Then three of them sh*t the bed hard enough to warrant a follow-up video.

Retail traders are watching this right now taking notes. Writing down the lessons. Probably bought those same three stocks because Brown recommended them. Held them all the way down because conviction matters. Now they're learning why technical analysis would've told them to sell weeks ago.

But no. Fundamentals matter. The story matters. The thesis matters. The chart screaming "get the f*ck out" doesn't matter.

Brown's out here doing post-mortems on his picks like a detective solving his own crime. Real introspective stuff. Maybe the problem is that picking stocks based on narratives and vibes is just throwing darts blindfolded. Maybe the problem is that price action told you everything you needed to know and you ignored it because you were married to your idea.

The irony is perfect. A financial media personality admits he got three picks wrong, breaks down the mistakes, packages it as content, and somehow this makes retail trust him more. He's honest about his failures. He's transparent. He's learning and growing.

He's still selling you a list called Best Stocks next quarter and you're still going to buy them.

Photo by Infrarate.com on Unsplash