So the stock market is looking strong/weak–depending on your desired holding period–and everybody is trying to figure out the economy…
Now I have no economic forecasting skills/knowledge whatsoever–which probly means I’m the smartest economist in the world (figure it out)–so I rely on others for these fun guessing games.
Obviously I prefer smart guys who have actually made a ton of money off their forecasting skills rather than all the academics in the world whose attitudes stem from intimidating-sounding degrees rather than any great boatload of battle-test profits. (yeahhhhh, financial education/teaching/knowledge is complete crap, similar to scientific knowledge during the Middle Ages…which brings up an interesting idea: maybe we should tar and feather or at least burn those alive who speak and speak and speak and incite crowds even though they can’t back up anything they say, kinda like most heretics aka let’s get all Catholic Church on their asses…who’s with me?)
Strange ranting aside, here’s Nassim Taleb, writer of THIS awesome must read book and his old ass math mentor, Benoit Mandelbrot (who you can’t tell me doesn’t kinda resemble that bad Orc leader in the third–and best–Lord Of The Rings Movie:
Tags: Real Wall Streeters, Videos
