Experts Get it Wrong, Too

By definition, experts are the people who know more about something than we do.

But that doesn’t mean they’re always right.

“Every great movement must experience three stages:
Ridicule, discussion, adoption”
 John Stuart Mill

“First they ignore you, then they laugh at you, then they fight you, then you win” Mahatma Gandhi

The biggest, most prominent example at the end of 2017 is Bitcoin.

When it first came on the scene, everyone either ignored it or laughed at it.

A few years go by- same thing.

Now that the price of one Bitcoin is $17,860, the only people laughing are the ones who never have to work again because they invested in it early.

This has happened throughout history though. From the invention of the telephone to the adoption of cell phones, the “experts” have gotten it wrong time and time again.

Does that mean we never listen to them? Of course not.

But it does mean we should take what they say with a grain of salt. We should try things ourselves. Investigate.

It may turn out the expert was right.

Or you may find they were wrong, and be able to cash in because you went against the grain.

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