It’s not just that people who pick stocks, or predict the future - TopicsExpress

It’s not just that people who pick stocks, or predict the future price of oil and gold ... don’t know what they are talking about: what they pretend to know is unknowable. Much of what Wall Street sells is less like engineering than like a forecasting service for a coin-flipping contest -- except that no one mistakes a coin-flipping contest for a game of skill. To succeed in this environment you must believe, or at least pretend to believe, that you are an expert in matters where no expertise is possible.

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