All Of A Sudden The Market Is

There Was But One Question He Left Unasked, And It Vibrated Between His Lines: If Gross Miscalculations Of A Person's Value Could Occur On A Baseball Field, Before A Live Audience Of Thirty Thousand, And A Television Audience Of Millions More, What Did That Say About The Measurement Of Performance In Other Lines Of Work? If Professional Baseball Players Could Be Over- Or Under Valued, Who Couldn't?

A Vast Industry Of Stockbrokers, Financial Planners, And Investment Advisers Skims A Fortune For Themselves Off The Top In Exchange For Passing Their Clients' Money On To People Who, As A Whole, Cannot Possibly Outperform The Market.

When Something Happens People Didn't Predict, They Find Ways To Explain It As If It Were Predictable.

Looking Into It A Bit, Jamie Found That The Model Used By Wall Street To Price Leaps, The Black-scholes Option Pricing Model, Made Some Strange Assumptions.

In Their Leaders, Advisers, And Experts, People Much Prefer Overconfidence, Total Certainty, To Any Kind Of Doubt.