Financial Wizards – Under the Hat

It’s fashionable to think of our Financial Wizards as people of such superior intellect that we can’t do without them.

Nonsense.

I think they’re more like very smart Children. They really believe, I think (at least many of them), that they fully understand the market and financial forces they pretend to manage. Essentially, they think they are skipping rocks, carefully chosen, over water they see and understand. In other words, they think it is their own skill that is in control.

I agree that what they’re doing is like┬áskipping rocks – but down a loose, rocky hillside.

So when the inevitable happens, and we refuse to hold anyone accountable, why are we surprised??

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: