via @OccupyWisdom :
1/ The majority of “professionals” have not operated in increasing an #interestrate environment
2/ Many “professionals” are just #algos programmed
only for the last 30 years of data; all during declining interest rates and “modest” #inflation
3/ Many “professionals” were high schoolers or in university in 2008, have no real life understanding of #recession and no knowledge of 2000, 1998, 1987 or 1929
4/ Many have no understanding of Glass-Stegal and why it is still necessary
5/ Many have no understanding of #gold, its function or even its properties
6/ Most have no understanding of active #investing
7/ Most have no understanding of #complexity, #leverage, interconnectedness or contagion
8/ Most have no understanding of how dominoes fall
9/ Most have no understanding of human psychology or irrationality
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