2008-12-19

finanzkrise, (wiedermal) erklärt

die beste erklärung zur gegenwärtigen finanzkrise, von scott adams:


"Think of financial theory as a stool. The stool is supported by three legs, or truisms.
  • History always repeats.
  • Past performance is no indication of future returns.
  • Asshats are trying to steal your money.
These three truisms can explain any financial phenomenon. For example, if your financial advisor suggests that you invest in a market bubble that is about to burst, he will explain that the past is no indication of future results. Just because a Price/Earnings ratio of 45 has never been sustainable in the past doesn't mean it won't be perfectly safe in the future.

And when the bubble bursts and you lose half of your money, your advisor will explain it's because history always repeats. In other words, he's an asshat trying to steal your money."


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