(no subject)

[randomness]

Meteorologists are much more accurate much more of the time than financial pundits, but because everyone thinks they understand the weather, everyone feels like they're an expert.

The financial pundits have a great gig.

Comments

[r-ness.livejournal.com]

Yeah, I think you have nailed it in one. There's no incentive, and in fact a great disincentive, to telling anyone what you're actually doing. Giving misleading ideas that will make you more money by getting others to run after you? That's what you're likely to predict.

"Now, about those Greek CDS spreads..." :)

[achinhibitor.livejournal.com]

"I'm not a financial guru, but I play one on CNN."