Excerpted from a conversation we had this evening:
Me: ...as you are aware, my love, past performance is not an indicator of future results.
Mrs. L: Yeah, but how else would people decide how to invest in the market? Seriously, you have to rely on past performance.
Me: That's true -- I suppose it's just an elegant fiction created to ensure that investors won't be able to say, "Wait, wait, I totally didn't know this wouldn't make money."
Mrs. L: Which reminds me... I've been seeing a lot of commercials on TV lately where companies are telling people how they've been around for years, and they're still doing things the way they've always done... so we should trust them.
Me: Yeah?
Mrs. L: I don't think I'd trust them - "Come buy from us! We've been around since the 1890's!" I'm not sure it's very profitable to barter goods and services for cows.
Me: *snorting with laughter, I try to prevent the nachos I'm eating from being forcibly ejected through my nose*
2 comments:
Awesome! Mrs luaphacim has a sharp wit.
I think it's particularly odd to make an argument based on tradition at the moment. I suspect fresh approaches are more valuable after the economy came crashing down based on conventional wisdom among the experts.
I totally second the above comment!
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