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Old 02-28-2009, 08:03 AM   #21
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Originally Posted by TromboneAl View Post
I often think of the scammer who sent out thousands of letters, each predicting different results for a pro football game. Next week, he sends out new predictions only to those for whom the first week's prediction were correct.

By the end of the season, a few victims have received a correct prediction each week. To them the guy is a genius, and they send him big bucks when he offers to predict the superbowl.

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Old 03-01-2009, 08:56 AM   #22
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To clarify my analogy, I think the football prediction scam is relevant to say, Warren Buffett. That is, instead of one guy sending out thousands of predictions, you have thousands of guys making predictions. It's not surprising that some of them have an incredibly good track record.

I found this news story interesting:

Berkshire has worst year; Buffett still optimistic - MSNBC Wire Services -

To summarize: Buffett did really badly last year, and admits to making major financial mistakes. And now here's the latest predictions from the Oracle of Omaha...

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