If doing nothing routinely does as well as doing something

If doing nothing routinely does as well as doing something
by 88_92WSND (2018-12-11 08:02:49)

In reply to: They are another way for the casino to win the game posted by The Flash

why pay to do something?
Paying for stock augury when augury provides little insight seems foolish, writ large, even if it does mean that the augury industry suffers. As for augury uncovering bad companies, how many augurs predicted the 08, how many augurs predicted Enron, etc?

Replies:

a lot of asset management firms missed out on Enron's - irishrock 2018-12-11 08:13:56
- I believe 18 analysts covered Enron and only one of them - G.K.Chesterton 2018-12-11 13:31:12