Wednesday, August 17, 2011

On the Fall of John Paulson

According to CNBC, hedge fund guru John Paulson is down 34% for the year.

With only 'experts' now playing the markets, for the most part, the experts will therefore as a group get 'average' results.

And even when rolling dice there is a 1 and 36 chance of getting snake eyes, but this does not mean the person who rolled it is especially skilled.

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