stress-test banks

Don’t we all wish that the stress tests of banks had been done, say, a year and a half ago? The case for running our own stress tests on our businesses.

According to Newsweek’s Sharon Begley, “The more feted by the media, the worse a pundit’s accuracy.” So, if we shouldn’t trust pundits who have (merely) achieved fame, how should we decide whom to trust? Fame may not be a prerequisite, but it doesn’t follow that obscurity is.