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Peter Schiff: Laughed at, but whoa…


(Hat Tip: Market Folly)

Sadly he didn’t make enough money from his predictions. But then, neither has Taleb I think (if you add up all the past years) and look where that got him. Interestingly, people seemed to be outraged and laughed at Peter, all while he was making sense: I can bet that the guys (and girls) who laughed at Peter on TV will not apologise or admit they were bullshitting – because they will say “hoocudanoode!” (“who could have known”) Certainly, someone on their show did know, and they laughed.

Also read: Of Arrogance and Humility.

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