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Posted

I thought it was a doughnut...but then convinced myself that nobody is that nuts. How wrong I am.

Completely agree with no. 6 stock picking. Thing is, if people keep paying them to do it, why not keep doing it? Funny how a profession right at the core of the capitalist system can be so inefficient. Moral: never give anyone your money to invest, way more fun to do it yourself.

Posted

Bummer can't pull up the link...firewall issue. Guess I'll just have to wait and try it at home.

Posted

Someone needs to email this to Bill Simmons "The Sports Guy" at ESPN! No. 1: Sportswriters. HA!

Posted

missed this previously. there are endless crap professions but there are usually some competent people in them. there are some wine critics that i think would not know merlot from mud but there are others that are excellent. also, peoples' palates vary so if you find one that suits yours, stick with it. after years reading this stuff, i have a fair idea who works for me and who doesn't. same with sports and art. i wonder about rugby columns - more than 90% of what i read from spiro zavos and stephen jones i think is beyond idiocy. and how they keep their columns is beyond me, unless it is to get people to read by coming up with drivel. mark ella tends to dwell on when he played and how good he and his brothers were, far too much. i remember andrew slack writing for the aust years ago and a lot of mates in sydney told me how impressed they were by his knowledge. then he did a column picking a side from the 80s and put roche in ahead of poidevin and mclean ahead of ella (i can still remember, thereabouts, his comment about ella - 'anyone who thinks mark ella is a better player than paul mclean either never saw mclean play or doesn't understand rubgy'. given he was a wallaby capt and had played with and against all of them, he had some knowledge but after those comments, he was finished in sydney. howled down. national insult and so on. could give examples in every sport - there are competent writers and idiots.

financial advisors are the worst, surely. but again, there are some competent ones who are not out to gouge clients and know what set ups best suits different individuals.

i lived with a mate for a while who later went into finacial advising and he would get hugely pissed that i would not hand over my finances to him - this was a guy who didn't wash up once in 12 months and kept most of his money in a very large jar. eventually, i said well, what would you recommend? he told me a share and within three days it was down 25%. i pointed this out and was berated for not seeing the big picture and long term view. he still has never seen a cent from me.

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