Stupid things finance people say

h/t FT Alphaville

Funny.
https://sites.google.com/site/kpinvestingworld/personal-finance/stupid-things-finance-people-say

Hard to pick a favorite.

For the “we all know a Very Serious Person and have heard him explain his ignorance of social security to us or otherwise smack us upside the head with logical fallacies, the preferred object being the fallacy of composition, but sometimes being a sports analogy”…
“It’s a Ponzi scheme.”
The number of things called Ponzi schemes that are actually Ponzi schemes rounds to zero. It’s become a synonym for “thing I disagree with.”

For the “OMG that’s like so true”…
“Investment guru [insert name] says stocks are [insert forecast].”
Go to Morningstar.com. Look up that guru’s track record against their benchmark. More often than not, their career performance lags an index fund. Stop calling them gurus.

For the sheer funnies…
“This is a strong buy.”
What do I do with this? Click the mouse harder when placing the order in my brokerage account?

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This entry was posted in Finance and Markets, Logic and Frameworks, Random. Bookmark the permalink.

One Response to Stupid things finance people say

  1. David Batty says:

    Multiple good choices in there but my favorite is probably:

    “He predicted the market crash in 2008.”

    He also predicted a crash in 2006, 2004, 2003, 2001, 1998, 1997, 1995, 1992, 1989, 1984, 1971…

    A close second might be:

    “The Dow is down 50 points as investors react to news of [X].”

    Stop it, you’re just making stuff up. “Stocks are down and no one knows why” is the only honest headline in this category.

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