How to not get eaten by a tiger

No longer needs a mutual fund.
Ted Cadsby, a consultant who used to run a mutual fund company, uses mutual funds to point up a problem in our thinking.

Why are there so many funds? If one got it right all the time, there would be no need for others. The others are kept in business because of the way we think.
The problem lies in how our minds are geared to underestimate the role of

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This is not encouraging

I've always trusted the wisdom of the American people over the elites and those in power. Perhaps I'll have to adjust that: people are woefully ignorant.
Confusion is the norm for many Americans, and every month brings another illustration in the form of surveys showing just what Americans don’t know. One of the most jaw-dropping recent results came from a Kaiser Family Foundation survey in which

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First let's kill all the experts

"An expert consensus is not a fact. Experts used to think the sun revolved around the earth (wrong), that bad air caused disease (wrong), that spicy food and stress caused ulcers (wrong), that autistic people are mentally retarded becausetheir mothers didn’t love them (oh, so wrong), etc. Experts are wrong, all the time."
-- Bookworm

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