Stephen Downes

Knowledge, Learning, Community

Most readers will know about this fallacy (I'm not going to call it a 'cognitive bias') but if it's new then this article is well worth a quick read. If nothing else, it explains clearly how somebody can get four stock market predictions correct in a row and still be running a scam. I'm listing it here to remind myself that I should one day update and expand my Fallacies website (which is now 30 years old). 

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Sept 24, 2026 10:06 p.m.

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