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Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse by Jeff Macke, Joshua M. Brown

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CONCLUSION

CLASH OF THE PUNDITS!

There was never a century nor a country that was short of experts who knew the Deity’s mind and were willing to reveal it.— MARK TWAIN

 

Throughout the course of this book, you’ve met many “experts”—experts on the economy, experts on investing, experts on trading, and experts on market timing. You’ve been told of their successes and their failures, you’ve seen the brave faces they put on for the cameras, and you’ve gotten a glimpse into their personal lives as well. You’ve learned that every era has its superstar commentators and that no one can be consistently right about everything—at least not for an appreciable amount of time.

In 2005, Philip Tetlock, professor of psychology at the University of Pennsylvania, ...

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