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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (8033)8/31/2001 11:21:39 AM
From: Oblomov  Read Replies (2) of 74559
 
>>where each specialized word represents a complex concept which they understand, but ignorant laymen may not

1) This is the weakness of thinking in terms proscribed by jargon. Words are mere representations. Jargon is not necessarily a more precise representation of reality, but those who use it without question believe that it is.

2) Understanding a concept and being facile with a concept are two different things. I have known many people who could successfully utilize a concept via jargon, but who did not *understand* what they were talking about.

3) There is also a difference between being ignorant and being uninitiated. Because someone does not utilize correct jargon, does that mean that he/she is devoid of knowledge (ignorant) on the subject? The use of jargon is a demonstration of professed knowledge. It is a cue that signals to the initiated that the speaker is also initiated. It is not the same as knowledge, and it is often a substitute for true knowledge.
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