Which is the better educational material, a speech by Warren Buffet, one of the richest people in the world, on investing, or a 6 minute video on the evolution of dance? The presumption of this post is that the 'crowd' got it wrong, viewing the dance video 59 million times and watching Buffett only 98,000 times. But I learned more about dance in six minutes than I learned about stocks in 60 - and I trust the dance video a lot more, because you can't fake this stuff. Buffett gives us folksy advice like "you should buy what you know" and questionable bits like "if you learned about Wrigley's 40 years ago, you still know everything you need to know." Um, what? I agree with the author that there are "many excellent free online learning resources out there that are not being fully utilized by the global intelligence learning network." But I don't agree that Buffett's talk is one of them - and this illustrates perfectly the folly of trying to plan this or of depending on presumed authority to make the choices for us.
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