Comments on: Beware of Experts http://www.caycon.com/blog/2009/03/beware-of-experts/ The Secret Sauce for Entrepreneurs Sun, 05 Feb 2012 17:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Eric Powers http://www.caycon.com/blog/2009/03/beware-of-experts/comment-page-1/#comment-170 Eric Powers Wed, 27 Jan 2010 23:21:37 +0000 http://www.caycon.com/blog/2009/03/beware-of-experts/#comment-170 This raises the point that we have a bit of a problem with not holding out stock and financial analysts accountable for their predictions. We reward them with attention for saying anything at all and then immediately forget who missed the mark and by how much. Entrepreneurship is much less risky than stock trading when you keep this in mind. At least entrepreneurs control many of the levers of their fortune and can predict and mitigate many of the risks up front. This raises the point that we have a bit of a problem with not holding out stock and financial analysts accountable for their predictions. We reward them with attention for saying anything at all and then immediately forget who missed the mark and by how much.

Entrepreneurship is much less risky than stock trading when you keep this in mind. At least entrepreneurs control many of the levers of their fortune and can predict and mitigate many of the risks up front.

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