Wayne,
I am not sure if the source of the following quotation is accurate, but I have been told that it is Warren Buffet. Let's consider a hypothetical competition, over 10 rounds, for a prize of a trillion dollars, or whatever. In each round, two contestants face off, toss a coin, and whoever calls the outcome correctly is declared the winner. After 8 rounds, the semifinalists of course will be bursting with pride at their ability to correctly call the outcome of a random event such as a coin toss.
Unfortunately, replacing the human beings with untrained chimpanzees in this contest would have produced the same results. Over the course of a random event-based contest, there will, of course, be some winners. However, skills have little to do with it.
-BGR. |
