Comments on: Experts Are Hazardous To Your Financial Health http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html Freshly squeezed market commentary & analysis Thu, 05 Nov 2009 19:26:37 +0000 http://wordpress.org/?v=2.0.2 by: Stock Research http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-34863 Mon, 22 Sep 2008 02:21:10 +0000 http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-34863 Funny you dug this up. I remember hearing this story. We're lucky to have the information we do at our fingertips today to not react to experts/alarmists like this. Funny you dug this up. I remember hearing this story. We’re lucky to have the information we do at our fingertips today to not react to experts/alarmists like this.

]]> by: money news blog » 10 Blogs that will make you a better trader http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-23504 Sat, 08 Dec 2007 18:07:49 +0000 http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-23504 [...] Experts are hazardous to your health [...] […] Experts are hazardous to your health […]

]]> by: Arthur http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-11639 Wed, 08 Aug 2007 08:58:57 +0000 http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-11639 German philosopher Hegel once said: "If the facts do not fit the theory, so much the worse for the facts." Sadly the "experts" very often get so attached to a model or theory that are willing to sacrifice the facts. This reminds me the story of Persian folk character Mullah Nasruddin who was lying in bed very ill. The doctor arrives, examines the moribund man and with a sigh says to Mullah’s wife, “I’m sorry but Mullah is dead.” In this moment Mullah Nasruddin opens his eyes, lifts his head and says to his wife, “No dear, I’m alive.” In this moment Mullah’s wife slaps him and says, “Shut your mouth, you stupid man! The doctor knows best!” German philosopher Hegel once said: “If the facts do not fit the theory, so much the worse for the facts.” Sadly the “experts” very often get so attached to a model or theory that are willing to sacrifice the facts.

This reminds me the story of Persian folk character Mullah Nasruddin who was lying in bed very ill. The doctor arrives, examines the moribund man and with a sigh says to Mullah’s wife, “I’m sorry but Mullah is dead.” In this moment Mullah Nasruddin opens his eyes, lifts his head and says to his wife, “No dear, I’m alive.” In this moment Mullah’s wife slaps him and says, “Shut your mouth, you stupid man! The doctor knows best!”

]]> by: Pradeep Bonde http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-960 Thu, 03 Aug 2006 19:26:24 +0000 http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-960 Well said. As they say : If You Meet the Buddha on the Road, Kill Him! Don't believe what some one says, no matter how holy they are, just because they say it. Well said. As they say : If You Meet the Buddha on the Road, Kill Him! Don’t believe what some one says, no matter how holy they are, just because they say it.

]]> by: Richard http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-954 Thu, 03 Aug 2006 10:10:52 +0000 http://www.tradersnarrative.com/experts-are-hazardous-to-your-financial-health-574.html#comment-954 I imagined that he has a new chart now, and when I went to his site at the link you gave, sure enough... There you can see a chart with 20 possible scenarios on it. It turns out the S&P will either drift upwards or plummet to the 2002 lows. Good to know. I'll just factor that into my trading plans and... d'oh! I really wanted something saying, yeah I was wrong, and here's what I learned about that. No dice. Instead, at the bottom of the page he says the charts are updated monthly. So, it will basically look like he's never wrong unless you dig up an old chart, like the one here. I imagined that he has a new chart now, and when I went to his site at the link you gave, sure enough… There you can see a chart with 20 possible scenarios on it. It turns out the S&P will either drift upwards or plummet to the 2002 lows. Good to know. I’ll just factor that into my trading plans and… d’oh!

I really wanted something saying, yeah I was wrong, and here’s what I learned about that. No dice. Instead, at the bottom of the page he says the charts are updated monthly. So, it will basically look like he’s never wrong unless you dig up an old chart, like the one here.

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