Broken Clock

BROKEN CLOCK.

 I saw an interesting tweet by one of country’s renowned Technical Analyst who shows up on business TV channel every other day without fail.

 

This was his tweet along with this picture

For all those who think tv analysts dun make money, time to revise opinion?

 

My first thought was that it looks like an excel sheet (so not unforgeable)  BUT leave that argument, let us for once think that data is absolutely correct.

 

What does this data point tell you?

 

Actually nothing!!!.  I am really amazed how come people fall prey to such an easy trick. This trick is as old as the hills and it is amazing that it still works like magic. Below his tweet were remarks and comments of his “bakhts” giving him demi-god status.

What is the Trick?.

Trick is called a BROKEN CLOCK.

Let us say a Clock has stopped working and both its needles are at 12. Guess what, even when it is totally broken and junk, it will be correct 02 times in 24 hours. 12 in the morning and 12 in the afternoon

And now imagine this clock taking its own screen-shot on these 02 occasions and posting it on Twitter and facebook boasting its amazing accuracy. You get the drift rite!!

By pounding on your successes over and over again, you create public opinion. On a serious side, our opinion of country politics unfortunately is formed in the similar way depending upon what NEWS channel you subscribe to.

I simply asked him this

 

 

 

He has already blocked my MysticWealth Twitter handle and therefore had to use my personal handle for this. It is only a matter of time before he blocks this too. You see I am not good for his business.

The strategy is straight forward, use social media as a UNI-Directional medium of communication. Keep blocking the critics and re-tweet the praises.

And another thing, I do not have any personal animosity with the person concerned. I am blogging here and pointing out a flaw of our industry. “Sheer lack of accountability” and a human flaw of looking at the sample and not the entire picture.

This Post Has 5 Comments

  1. Varenya Agrawal

    This was just Super!

  2. Amit Arora

    Good one mate, Retweeting my own praise made me shameful and shallow when I look back in retrospect. I found it funny when people would release articles only after you have liked them, retweeted them. Despite your effort of putty foot down on the folly, there are abundant idiots in the world, so those type of folks can have millions of follower and you only 20,000. We are all suckers for praise.

  3. Mukul

    Good to read something that makes sense. Be fearful when others are greedy

  4. Vinod Saini

    A good read. You have written truthfully. The stock market if full of the likes of Ashwani.

  5. Dhanesh

    Reminds me fooled by randomness

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