Do finance experts know more than the average person?

bigfreddiel

More evidence that 'experts' in finance are actually anything but. The only thing they're expert at is excuses and blaming others.

So to a fine example that has been unraveling nicely, and that is the funding for the Paralympics in Brazil. For some reason the excuse was 'things have changed since 2009'. Really! Is that any surprise? Apparently it must be to those in the IOC, because that was their excuse.

Ah well roll on 2020, I'm sure it will be by then, but anyone could have told the IOC, if they had sled, that a South American isn't going to be too interested in watching wheelchair rugby, one armed swimming and so on. Even in the UK, most men would not bother with a women's football match, so you're on a loser as far as macho hot blooded Brasilians are concerned. It's just common sense.

Cheers fj

tacpot12

Even experts can't work miracles.

Thrugelmir

bigfreddiel wrote: »

Ah well roll on 2020, I'm sure it will be by then, but anyone could have told the IOC, if they had sled, that a South American isn't going to be too interested in watching wheelchair rugby, one armed swimming and so on. Even in the UK, most men would not bother with a women's football match, so you're on a loser as far as macho hot blooded Brasilians are concerned. It's just common sense.

The aim is to promote and create awareness. Paralympics took a while to catch on here.

Pincher

We should learn from Kim Jong-un, and shoot anybody who does not attend state sponsored events.

http://www.standard.co.uk/news/london/alfred-hitchcocks-daughter-joins-fight-to-save-kensington-odeon-cinema-a3324556.html

When I am emperor, I will make sure full attendance at the beautiful Odeon Kensington. All the people who signed the petition will either buy a ticket regularly and turns up, or it's the Gulag. Falling plaster hardly ever kills anybody.

JohnRo

Thrugelmir wrote: »

The aim is to promote and create awareness. Paralympics took a while to catch on here.

The problem I have with the paralympics, where many competitors are actually able bodied injured, is that is was exploited after 2012 to foster the idea that anyone classed as disabled and not out breaking world records and winning gold medals is a scrounging, lazy sod.

That in turn paved the way for some truly terrible injustices against disabled benefit claimants, engineered by the arch scrounger himself, while simultaneously running the DWP into the ground.

There's also a big difference between glossy, superficial media awareness and general everyday attitudes to disability.

Pincher

And 90 year olds not doing hip hop are just squares.

They should be having a full and satisfying sex life, as well.
With Viagra, there is no excuse.

We should all be downloading geriatric !!!!!!, to learn the politically correct viewpoint on sex.

Quorn, I love it so much. :eek:

Glen_Clark

Sometimes a little knowlege can be a bad thing. Take car tyres for example. Some people pump them over the recommended pressures because they have discovered higher pressures reduce friction and fuel consumption. But if you take that to its logical conclusion we would all have wheels as hard as steel which would shake us and our vehicles to bits. You have got to have some cushioning - even though that meand lowering pressures at the expense of fuel consumption.
Its the same in finance. You know a bit about a company and invest on that basis. But you don't know something else which makes it a bad investment. You would do better if you knew nothing about the companies and so just spread your money in an index fund.

joe134

they are expert at making money, for themselves;
would never trust one again.
do my own research

colsten

Of course finance experts know more than the average person. That's because the average person is not a finance expert. Although I don't know how you define what a finance expert is - to me it's someone who has studied, or trained, in a financial discipline and has professional qualifications.

What will you be asking next? Do brain surgeons know more about the brain than the average person does?

mollycat

bigfreddiel wrote: »

Even in the UK, most men would not bother with a women's football match, so you're on a loser as far as macho hot blooded Brasilians are concerned. It's just common sense.

Social commentary on an international scale par excellence

ps It's Brazilians!

Thrugelmir

JohnRo wrote: »

The problem I have with the paralympics, where many competitors are actually able bodied injured, is that is was exploited after 2012 to foster the idea that anyone classed as disabled and not out breaking world records and winning gold medals is a scrounging, lazy sod.

That in turn paved the way for some truly terrible injustices against disabled benefit claimants, engineered by the arch scrounger himself, while simultaneously running the DWP into the ground.

There's also a big difference between glossy, superficial media awareness and general everyday attitudes to disability.

In South America generally there's a different attitude and treatment of people that suffer from disabilities. Leave your Western prejudices and attitudes at home as they say.