Stephen Black wrote: <<On Sat, 12 Jan 2002, Richard Pisacreta, Ph.D. wrote:
> Any of you Tipsters study the stock market? Can you off the > rest of us any advice for next year to offset the terrible > returns of the last two years? Any of you in TIAA-CREFT > pension plans have any advice on how to distribute future > allocations? Perhaps we can justify this question on TIPS by suggesting it raises an important psychological question. This is why people allow themselves to be guided by experts who have no expertise. I speak of brokers and "financial advisors".>> A little nearer home, my concern is that so many people in the media are excessively respectful of the views of psychotherapists who purport to explain the behaviour of people in the news. In the UK, at least, certain psychotherapists who are well known for being well-known (Oliver James immediately comes to mind)are occasionally wheeled out by a broadsheet newspaper or BBC radio news magazine programmes to provide "insights" of this nature. BBC journalists typically treat the utterances of such people with the kind of deference they would never accord to politicians or economists. Allen Esterson London --- You are currently subscribed to tips as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED]
