{"id":387,"date":"2009-09-14T23:53:07","date_gmt":"2009-09-15T03:53:07","guid":{"rendered":"http:\/\/www.jbarrywatts.com\/blog\/?p=387"},"modified":"2009-09-16T21:59:46","modified_gmt":"2009-09-17T01:59:46","slug":"certified-financial-planner-says-stockmarket-averages-are-worthless","status":"publish","type":"post","link":"https:\/\/old.jbarrywatts.com\/blog\/2009\/09\/14\/certified-financial-planner-says-stockmarket-averages-are-worthless\/","title":{"rendered":"Certified Financial Planner says &#8220;Stockmarket Averages are Worthless&#8221;"},"content":{"rendered":"<p>A generation ago my statistics professor at the University of Missouri\u00a0explained &#8220;average&#8221; this way: If you put one foot in a bucket of ice water and one foot in a bucket of flaming gasoline, on average your crotch is just right.<\/p>\n<p>Yeah, but&#8230;&#8230;&#8230;<\/p>\n<p>And that&#8217;s the thing about stock market averages, they are worthless except as marketing propaganda.\u00a0 I&#8217;ve quoted a lot of averages over the years and regret it. But, at least I&#8217;m willing to admit it. There are still educated idiots on CNBC who continue to blather about such drivel. They haven&#8217;t learned yet. My guess is they never will. The TV lights, the big important sounding words, and the ego trip of being an &#8220;expert&#8221; on international\u00a0television is just too much to give up in order to tell the truth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A generation ago my statistics professor at the University of Missouri\u00a0explained &#8220;average&#8221; this way: If you put one foot in a bucket of ice water and one foot in a bucket of flaming gasoline, on average your crotch is just right. Yeah, but&#8230;&#8230;&#8230; And that&#8217;s the thing about stock market averages, they are worthless except [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[36],"class_list":["post-387","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-truth"],"_links":{"self":[{"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/posts\/387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/comments?post=387"}],"version-history":[{"count":2,"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/posts\/387\/revisions"}],"predecessor-version":[{"id":389,"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/posts\/387\/revisions\/389"}],"wp:attachment":[{"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/media?parent=387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/categories?post=387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.jbarrywatts.com\/blog\/wp-json\/wp\/v2\/tags?post=387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}