So, until an investor has participated in hundreds of investments and operated across several market cycles, he may be particularly susceptible to drawing bad conclusions from his own experiences. (euclidean.com)
He would have been presented as a sceptic who wasn't even prepared to defend his position when offered an opportunity to do so, and his published comments and broadcasts would have been selectively edited to arrive at the same or worse conclusion by the program makers. (wattsupwiththat.com)
Elizabeth Chambliss (a thoughtful US law professor) talks about the «Nirvanna Fallacy» which notes that comparing inevitably imperfect innovation against an imaginary status quo Nirvanna makes for bad conclusions. (slaw.ca)