Do You Know Any “Experts”?
- by Pete Zdanis
What do the following news article headlines have in common?
March 24, 2004 – “Unexpected decline in survival from amyotrophic lateral sclerosis/motor neurone disease”
December 4, 2009 – “Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery.”
March 31, 2010 – “Private payrolls unexpectedly fell in March, according to data released Wednesday.”
May 19, 2010 – “Treasury Inflation Protected Securities plunged after a government report showed U.S. consumer prices unexpectedly declined in April.”
May 25, 2010 – “Worldwide mortality in children younger than 5 years has dropped from 11.9 million deaths in 1990 to 7.7 million deaths in 2010, a rate of decline that is faster than expected, according to new research…”
June 11, 2010 – “Sales at U.S. retailers unexpectedly fell in May for the first time in eight months…”
July 8, 2010 – “There were 454,000 initial jobless claims filed in the week ended July 3, down 21,000 from an upwardly revised 475,000 in the previous week, the Labor Department said. The number of claims was lower than expected.”
August 16, 2010 – “FX is ignoring an unexpected decline in the National Association of Home Builders’ housing market index. According to the report the housing market index declined to a reading of 13 from 14 the month prior, despite calls for an increase to 15.”
August 19, 2010 – “On Thursday morning, the Labor Department said that new jobless claims filed last week unexpectedly rose by 12,000 to hit 500,000, the first time since November that the half-million mark has been reached.”
Aside from the fact that most of them are pretty depressing, these headlines make it pretty clear that the so-called “experts” in these examples were relatively clueless that these events were going to happen.
Read them again with (my) appropriate emphasis added:
March 24, 2004 – “Unexpected decline in survival from amyotrophic lateral sclerosis/motor neurone disease”
December 4, 2009 – “Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery.”
March 31, 2010 – “Private payrolls unexpectedly fell in March, according to data released Wednesday.”
May 19, 2010 – “Treasury Inflation Protected Securities plunged after a government report showed U.S. consumer prices unexpectedly declined in April.”
May 25, 2010 – “Worldwide mortality in children younger than 5 years has dropped from 11.9 million deaths in 1990 to 7.7 million deaths in 2010, a rate of decline that is faster than expected, according to new research…”
June 11, 2010 – “Sales at U.S. retailers unexpectedly fell in May for the first time in eight months…”
July 8, 2010 – “There were 454,000 initial jobless claims filed in the week ended July 3, down 21,000 from an upwardly revised 475,000 in the previous week, the Labor Department said. The number of claims was lower than expected.”
August 16, 2010 – “FX is ignoring an unexpected decline in the National Association of Home Builders’ housing market index. According to the report the housing market index declined to a reading of 13 from 14 the month prior, despite calls for an increase to 15.”
August 19, 2010 – “On Thursday morning, the Labor Department said that new jobless claims filed last week unexpectedly rose by 12,000 to hit 500,000, the first time since November that the half-million mark has been reached.”
What the heck is going on here? How come all these MBAs, PhDs and other “high-level experts” so consistently miss the mark on predicting things that they are paid to be at least somewhat accurate in predicting?
I don’t have the answer to that question, but the above examples make it perfectly clear to me that highly-educated, highly-paid “experts”, armed with mountains of data, computing power and expertise can get things wrong. And it seems that they get it wrong quite often, if the above examples are any indication.
Which leads me to warn you about all of the “experts” you are going to encounter as you build your network marketing business.
You know who I mean…
The co-worker who tells you that she “gets all the nutrition she needs from her diet”, as she opens up her second pack of Oreos from the company cafeteria vending machine.
Your unemployed brother-in-law who preaches that the network marketing you are involved in is an “illegal Ponzi scheme”, as he finishes scratching off the last of the lottery tickets he gets from his daily trip to the local convenience store.
I could go on, but, you get the idea.
Are these people “experts”?
Certainly not.
However, even if they WERE experts, there’s a good chance that they would be wrong.
An example could be the following headline:
January 2, 2011 - “It was reported today that (Insert your name here) earned significantly more income from their network marketing business last month than anyone, including the ‘experts’, expected.”
You can do it….
….no matter what the “experts” tell you.
Now go write your own headlines.
© 2010 - Zdanis USANA Power Team ® - All Rights Reserved
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