Paul Hodges – There’s No Substitute for Judgment

<p><strong>BIO: </strong>Paul Hodges is a trusted adviser to major companies and the investment community and has a proven track record of accurately identifying key trends in global marketplaces. He is chairman of New Normal Consulting and a Global Expert with the World Economic Forum.</p><p><strong>STORY:</strong> Paul invested in a company in the cinema industry, which according to his research, was a well-performing business. After investing, his bank’s asset manager advised him to sell this stock. The stock grew 10-fold after that. Paul missed out on that windfall.</p><p><strong>LEARNING:</strong> There’s no substitute for judgment. Distinguish between opinion and knowledge. Opinions are not knowledge.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“Distinguish between opinion and knowledge. There’ll be many people who know more than you do, but they don’t actually know what they’re talking about.”</strong></blockquote><blockquote class="ql-align-center">Paul Hodges</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/paul-hodges-b06111/" rel="noopener noreferrer" target="_blank"><strong>Paul Hodges</strong></a> is a trusted adviser to major companies and the investment community and has a proven track record of accurately identifying key trends in global marketplaces. He is chairman of <a href="https://new-normal.com/" rel="noopener noreferrer" target="_blank">New Normal Consulting</a> and a Global Expert with the World Economic Forum.</p><p>His consulting work focuses on the major paradigm shifts taking place in the global economy in Demand Patterns, Reshoring of Supply Chains, Renewable Energy, Circular Economy, Advanced Manufacturing, and Financial Markets. He is a regular speaker at international and industry conferences.</p><h2>Worst investment ever</h2><p>Paul was lucky enough to work for one of the UK’s biggest companies, where he had access to the best pension fund advisors. Paul went to one of those advisors and told them he had 20,000 pounds to invest