{"id":1516,"date":"2012-10-15T12:01:32","date_gmt":"2012-10-15T12:01:32","guid":{"rendered":"http:\/\/sol-biotech.com\/wordpress\/?p=1516"},"modified":"2012-10-15T12:01:32","modified_gmt":"2012-10-15T12:01:32","slug":"superior-compensation-for-inferior-results","status":"publish","type":"post","link":"https:\/\/sol-biotech.com\/wordpress\/index.php\/2012\/10\/15\/superior-compensation-for-inferior-results\/","title":{"rendered":"Superior compensation for inferior results"},"content":{"rendered":"<p>Banks err by confusing risk, uncertainty<br \/>\nComplex prediction models may have blinded financial institutions to looming meltdown<br \/>\n<a href=\"http:\/\/www.sciencenews.org\/view\/generic\/id\/345625\/title\/Banks_err_by_confusing_risk%2C_uncertainty\">http:\/\/www.sciencenews.org\/view\/generic\/id\/345625\/title\/Banks_err_by_confusing_risk%2C_uncertainty<\/a><\/p>\n<blockquote><p>Annual forecasts of currency values from December 2001 to December 2010, which guided banks&#8217; investment decisions, badly missed the mark nine out of 10 times&#8230;<\/p><\/blockquote>\n<p>Yet another case where extremely well compensated people are consistently wrong, yet suffer not one iota for being so.  Just like no one has consistently beaten the tried and true &#8216;<a href=\"http:\/\/en.wikipedia.org\/wiki\/Buy_and_hold\">buy and hold<\/a>&#8216; strategy for investing, it seems that expensive PhDs can&#8217;t value currencies either.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks err by confusing risk, uncertainty Complex prediction models may have blinded financial institutions to looming meltdown http:\/\/www.sciencenews.org\/view\/generic\/id\/345625\/title\/Banks_err_by_confusing_risk%2C_uncertainty Annual forecasts of currency values from December 2001 to December 2010, which guided banks&#8217; investment decisions, badly missed the mark nine out of 10 times&#8230; Yet another case where extremely well compensated people are consistently wrong, yet &hellip; <a href=\"https:\/\/sol-biotech.com\/wordpress\/index.php\/2012\/10\/15\/superior-compensation-for-inferior-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Superior compensation for inferior results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,19,8],"tags":[],"class_list":["post-1516","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-psychology"],"_links":{"self":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1516"}],"version-history":[{"count":1,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1516\/revisions"}],"predecessor-version":[{"id":1517,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1516\/revisions\/1517"}],"wp:attachment":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}