It’s shown up in the feed three times already. Almost everyone has seen it, but I’m posting it anyway. Get out of the profession!!
from hasid Really, it’s time to start a serious conversation not only about the stock market crisis, but also about the crisis of "stock market analysis." And about the fundamentally flawed compensation system for the various asset managers. The latest gimmick now making the rounds in all the business publications: "How to profit from the financial crisis." The very same guys who were advising people how to profit from a rising market are now being quoted all over the place. And here is Mr. Milovidov, head of the FSFR (Russia’s Federal Financial Markets Service), sternly declaring: "a number of market participants still haven’t learned how to play a falling market." Everybody’s gotten so smart now (quote).
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