{"id":41514,"date":"2013-08-30T05:38:37","date_gmt":"2013-08-30T09:38:37","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=41514"},"modified":"2013-08-30T05:38:37","modified_gmt":"2013-08-30T09:38:37","slug":"friday-charts-ballmers-biggest-blunders-and-the-next-1000-stock","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/30\/friday-charts-ballmers-biggest-blunders-and-the-next-1000-stock\/","title":{"rendered":"Friday Charts: Ballmer\u2019s Biggest Blunders and the Next $1,000 Stock"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> <\/p>\n

Often imitated, but never duplicated, we’re serving up another round of our weekly charts.<\/p>\n

Remember, the concept couldn’t be any more straightforward.<\/p>\n

Since a picture can be worth 1,000 words, I try to zip my lips (well, mostly) and let some carefully selected graphics convey a few critical investing and economic insights.<\/p>\n

This week’s gallery reveals the true reason why Steve Ballmer is bailing on Microsoft<\/strong> (MSFT<\/a>), a dangerous psychological bias and a bullish economic phenomenon we haven’t witnessed in over five years.<\/p>\n

Make Love, Not War<\/b><\/p>\n

Iraq. Afghanistan. Now Syria?<\/p>\n

With another potential armed conflict in the Middle East on the horizon, you’d think our world is becoming increasingly violent. And you’d be wrong.<\/p>\n

Blame the perception of increased conflict on recency bias – putting too much weight into recent events. In reality, we’re not actually fighting each other as much as we used to.<\/p>\n

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Of course, as investors, we always need to be prepared for a new conflict. So what’s the best protection? A few choice investments in the oil and energy sector. (If you need help finding some, go here<\/a>.)<\/p>\n

MSFT: Still a Stupid Bet<\/b><\/p>\n

After 13 years at the helm of Microsoft, CEO Steve Ballmer is out. He’s retiring at the end of the year. Want to know why? Take a look:<\/p>\n

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He completely missed out on the biggest technological shift in our generation – away from personal computers and toward smartphones.<\/p>\n

It wasn’t purely bad luck, either. It was intentional.<\/p>\n

As Ballmer famously predicted (incorrectly), “There’s no chance that the iPhone is going to get any significant market share. No chance.”<\/p>\n

I’d certainly rank that as one of the worst predications ever made.<\/p>\n

Of course, that wasn’t his only blunder:<\/p>\n