Nick Dewhirst vents his spleen at the unending stream of what frequently masquerades as intelligent financial comment
Why do so many investment experts write gibberish? How can they write so much gibberish, yet stay employed for so long? According to the Oxford English Dictionary, to gibber is to make rapid inarticulate utterances. Gibberish is worse than noise, with which our industry is also over-endowed, in that noise is information of little significance while gibberish makes no sense. It is, literally, nonsense. This question occurred to me recently when reading possibly the most idiotic front-page headline in my career: "Fund managers hold cash in preparation for market upturn." Surely, if fund m...
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