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A stockbroker calls 10,000 people. He tells 5,000 that the stock is going to go up, and the other 5,000 that it is going down. The next day the stock goes up. H
by casper345 8y ago
A stockbroker calls 10,000 people. He tells 5,000 that the stock is going to go up, and the other 5,000 that it is going down. The next day the stock goes up. He then calls the 5,000 people who he told the stock would go up, he tells 2,500 that the stock goes up and the other half it will go down. Stock goes down next day.. . rinse, repeat. Until it gets down to 100 people and now those 100 people believe that stockbroker has 100% success rate.
Problem with these "motivator speakers" is that alot of people are doing thse strategies but alot of it goes with luck and oppurtunity. SO they are not spouting wisdom, just preaching strategies that worked for them in their time.
- ken 8y agoThis is exactly the plot of a Mathnet episode: https://www.youtube.com/watch?v=Tj-XMRu_q4s https://www.youtube.com/watch?v=Tj-XMRu_q4s
- jaclaz 8y agoA similar example is also in the known John Allen Paulos' book "Innumeracy": https://en.wikipedia.org/wiki/Innumeracy_(book) https://en.wikipedia.org/wiki/Innumeracy_(book)