Wednesday, January 9, 2008

Hard to believe

When bubbles burst (like the one with real estate), you will find many people surprised. Most often than not, even the "experts" are surprised. In fact, some of them made predictions 1 year ago so poorly that you can hardly believe it.
Most people do not watch "old news", but "old predictions" are much more fun. Invest 5 minutes to see the second video on this webpage TigerHawk. In the first part (1 year old), the only guy who had an idea what is about to happen was yelled at by jerks repeating the same old mantra "prices will go up", while he identified correct trends and reasons behind them. In the second part (current), those guys who were wrong try to cover it up.
This suggest what is wrong with current media and their "advices". People who know (and think) rarely go there and even if they do, they are yelled at by people who are loud, but do not think.
So if you cannot tell who is expert and who is not, listen to Dilbert. He may be sometimes wrong, but at least he is funny.

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