Prognostication

[jazzbo]

I like to read persons on ThaiVisa.com foretelling the future of stocks, currencies, the fall of the US economy, etc. I'm not saying that they get it wrong or right. But it makes me think of Long Term Capital Management who had a couple of Nobel Prize winning economists as partners. If you don't know the story, you can look here:

http://www.businessweek.com/1998/38/b3596001.htm

Prognostication reminds of the saying "Even a broken clock is correct twice every day."

[steveromagnino]

I like to read persons on ThaiVisa.com foretelling the future of stocks, currencies, the fall of the US economy, etc. I'm not saying that they get it wrong or right. But it makes me think of Long Term Capital Management who had a couple of Nobel Prize winning economists as partners. If you don't know the story, you can look here:

http://www.businessweek.com/1998/38/b3596001.htm

Prognostication reminds of the saying "Even a broken clock is correct twice every day."

......................and that's why I don't read Businessweek.