There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey. (Daniel Kahneman)

There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.

Daniel Kahneman

Related topics

example good monkey picking political possible show stock forecasting expertise

Related quotes

I am almost inclined to set it up as a canon that a children's story which is enjoyed only by children is a bad children's story. The good ones last. A waltz which you can like only when you are waltzing is a bad waltz. View quote
C. S. Lewis
It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life. View quote
Hjalmar Schacht
The only freedom which deserves the name is that of pursuing our own good, in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. View quote
John Stuart Mill
Life is no brief candle to me. It is a sort of splendid torch which I have got a hold of for the moment, and I want to make it burn as brightly as possible before handing it on to future generations. View quote
George Bernard Shaw
...there must be possible a fiction which, leaving sociology and case histories to the scientist, can arrive at the truth about the human condition, here and now, with all the bright magic of the fairy tale. View quote
Ralph Ellison