Can We Trust Experts?

Townhall.com ^ | July 25, 2018 | Walter E. Williams

[sparklite2]

A Magic Eight Ball is more accurate.

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Is the Dartboard Index still around? There used to be a method of stock picking that involved monkeys throwing darts at newspaper stock listings and building a portfolio of the stocks the dart hit. “Amazingly, on average, 98 of the 100 monkey portfolios beat the 1,000 stock capitalization weighted stock universe each year.”

https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/#199cac1d630a

As a broker was showing off his yacht at a New York harbor back in the day, someone asked, “Where are your customers’ yachts?”

Indeed.

[motor_racer]

The notion of the independent expert is dead. Now, they are rewarded, because they have credibility (why I dont know) for arguing positions to support an agenda. But we know it now, and for those of us who DO know, their “credibility” is actually a negative. We know them as tools of the Ministry of Propaganda.

[John Milner]

‘We don’t like their sound. Groups of guitars are on the way out.’ – Decca Recording Company when turning down the Beatles in 1962. (The group was also turned down by Pye, Columbia, and HMV).

Decca later signed the Rolling Stones to their label. At the urging of George Harrison.

[JPJones]

“If theses conditions continue it will result in another ice age.” (Rasool/Schnieder, NASA 1971)

[JPJones]

“Science is the belief in the ignorance of experts,” - Richard Feynman