In this clip from The Macro Show, Hedgeye CEO Keith McCullough explains why investors blindly following market averages (without the Hedgeye Quad framework) will continue making the same mistakes.

“This is why you never use a market multiple in any decision that you make when it comes to asset allocation, longs, shorts, anything. The average of things is for dummies,” McCullough says. “It’s the average of things, versus the particular of things.”

McCullough: “The Average Of Things” Is For Dummies - macro themes