The Crowd’s Not So Wise – But Neither Are The Experts

“After the better part of a decade in which various markets, from Intrade to the stock market, became many people’s preferred way to peer into the future, a backlash is clearly under way. Not so long ago, knowing about the existence of Intrade was a mark of being in the vanguard. Today, mocking Intrade, ideally on Twitter, is a sign of sophistication.” But don’t ask experts about the future either – they’re just as wrong, and just as mocked.