Daniel Lemire's blog

, 2 min read

Do not trust financial experts

3 thoughts on “Do not trust financial experts”

  1. Kevembuangga says:

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

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

  3. Daniel Haran says:

    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.