Monday, February 4

Tim Hartford Talks Stock Picking

Tim Hartford as the Undercover Economist explains the absurdity of predicting the stock market by telling people he can predict which que will move the fastest. Hartford also apparently has no Wikipedia article, that needs to be fixed.

It seems to me that a key difference might be the perceived simplicity of a que vs. the perceived complexities of picking a stock. Most people who are in que have lots of experience being in ques, and know that nobody can predict which one will move fastest. They see the complex stock market, though, and see a few people doing extremely well and figure that it must be predicable.

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