THE MARKET PROS PAY MONEY FOR NOTHING! | 2005-07-30
Some things are so stupid that you are left speechless.
For many years the Wall Street Journal has reported, one after another, scientific studies that show that the advice of highly-paid market analysts is utterly useless. The funniest ones are studies that have monkeys tossing darts at the stock list and six months later comparing how well the stocks the monkeys picked did compared to those selected by market analysts who take in staggering salaries.
The results are ALWAYS dead even.
Which would be hilarious if somebody actually caught on to what was going on. But in New York they keep PAYING those analysts.
In New York "Modern Artists" have been cracking commodes or welding together tin cans and getting a hundred thousand dollars for it. This has been going on for at least sixty years.
But people buy the stuff and sell it. And everybody has thought that surely someday somebody in New York would catch on.
But the art experts keep raving over a painting of Christ in urine (NOT Moses in urine!). The cracked commodes keep selling and the art experts write treatises on them.
How can one even comment on this