Posted on Apr 14 2017 - 1:45pm by Sharpe Trade

“Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray’s case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the “wet streets cause rain” stories. Paper’s full of them.  In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.” – Michael Crichton

Let me quote to you the exact headline I’ve recently run across …

“Wells Fargo: Warren Buffett Dumps Stock After CEO Clawback”

Now, as Paul Harvey would say … let’s talk about ‘the rest of the story’ …  

(Video Included. If you’re seeing this entry elsewhere and cannot play the video?  Click this link to go to the exact video entry …)

How do we produce such fantastic risk-adjusted performance?
Check out Sharpe Trade’s Short-Term Trading Course !!

1 Comment so far. Feel free to join this conversation.

  1. beavis April 17, 2017 at 1:45 pm - Reply

    MCD at 2 year high.

    So he sold a small position? LOL. I don’t even have to watch the video. Big deal.

    Anyway, MCD kicking butt.

Leave A Response