nytimes.com - 3/29/2009
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Ever wonder how financial experts could lead the world over the economic cliff? One explanation is that so-called experts turn out to be, in many situations, a stunningly poor source of expertise. There’s evidence that what matters in making a sound forecast or decision isn’t so much knowledge ...
nytimes.com - 3/27/2009
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nytimes.com —
The top officials in the Obama administration still
believe in the magic of the financial marketplace and...
in the prowess of the wizards who perform that magic.
(more)
Op-Ed Columnist: The Market Mystique
nytimes.com - 3/31/2009
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nytimes.com —
By enmeshing the White House so deeply into
G.M., President Obama has increased the odds that March’s...
menacing threat will lead to June’s wobbly wiggle-out.
(more)
Op-Ed Columnist: Car Dealer in Chief
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The Sideshow —
... Hilarious Kristof: "Ever wonder how financial experts could lead the world over the economic cliff? One explanation is that so-called experts turn out to be, in many situations, a stunningly poor source of expertise. There's evidence that what matters in making a sound forecast or decision isn't so much knowledge or experience as good judgment - or, to be more precise, the way a person's mind works." This naive fool doesn't seem to understand: No one was willing to hire "experts" who would tell the truth. If they had been, they would have hired the ones who had a ...
Genius
Suburban Guerrilla —
Shorter Nick Kristof:
I prefer to completely sidestep the question of why the DFH keep getting it right.
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