Comments on: Do not trust financial experts

By: Daniel Haran

Daniel Haran — Mon, 17 Nov 2008 17:10:26 +0000

I wonder what his overall track record has been. If you’re always predicting a recession, you’ll eventually be right.

And even if you’re right more often than other analysts, you still have to make the proper investment decisions based on your predictions. Here, the gold call was dubious.

Most of these financial ‘experts’ are apprentice sorcerers, with little actual knowledge of either the real drivers of economic change or their own cognitive biases.

By: Geoff Wozniak

Geoff Wozniak — Sat, 15 Nov 2008 14:51:44 +0000

At least, don’t trust those on Fox News.

By: Kevembuangga

Kevembuangga — Sat, 15 Nov 2008 07:35:17 +0000

LOL
Like in any other field there is always one expert who is right.
The difficult matter is to figure out which one!