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Article: When a bull market is just a lot of bull.(Other Views)
- Article from:
- Investment News
- Article date:
- June 21, 2004
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: William Berg
Investment professionals constantly predict what is going to happen in the financial markets. They may sound smart, but their statements are not worth considering unless they use terms that are clear, and propositions that are true, in arguments that are logically valid.
Because most of us are easily bored, our minds tend to race ahead to consider the truth or falsity of their propositions, or the validity or invalidity of their overall argument. We tend to skip the essential but possibly boring step of considering whether the terms they use convey any useful meaning. In many instances, they do not.
What, after all, is a ...