So, I was talking to some high level executives at a major multinational corporation and they were asking me about a well-known business and markets speaker that recently made a presentation to them.
The speaker was very well known, having been in both business media and finance. I won’t mention his name but it rhymes with “Prima Donna”.
I tell you about this because the presentation simply pisses me off. It displays what so many who are front and center in the business and markets business lack; real knowledge and insight. Well-trodden concepts are being peddled as value-added to an important level of the investing public and it is a travesty.
The presentation was an optimistic one. I have no problem with that. What I do have a problem with is that the crux and conclusion of the presentation and the “call to action” was based on, get this, “American Innovation”. Are you kidding me? The over-worn meme of innovation is simply bullshit as an investment concept and anyone who presupposes it will extracate and propel our economy and markets into a sound future is simply a lazy bastard.
Won’t someone please, PLEASE educate the public on the risks and reality of investing in this or any market? Will someone please explain that this is not simply another “recession”. Can’t we teach individual investors to understand what our markets have “innovated themselves” into so they have some rudimentary understanding of something more than simply buying or selling?
I blame the business media that can not or will not get to the heart of what is important. Most of the topics presented are simply bullshit and on the periphery of what is important as actual value added knowledge.
Just stop the bullshit, won’t you?