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But as the Financial Times said last year, "when it comes to investing, human stupidity beats AI". In other words, if you want to beat the market, you need to be a contrarian — you need to make investments that go against the perceived wisdom at the time, and you need to accept the risk that your judgment or your timing might be wrong.
The prevailing wisdom at the time was that the drop was due to increased fuel prices.
That was the conventional wisdom at the time, not only held by the United States but certainly many other nations".
"I think Sid makes a good case for questioning what was unquestionable conventional wisdom at the time," Mr. Toobin said.
Then there is China, where Mr Smith defied conventional wisdom at the time by being one of the first to open an assembly plant.
He magnanimously excuses The Economist's poor record of predicting the price of oil: our suggestion in 1999 that oil would remain dirt cheap was conventional wisdom at the time, he says soothingly.
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In fact, the conventional wisdom at that time was that Mr. Bush might win the popular vote but lose the Electoral College — exactly the opposite of the outcome that occurred.
Living a long life, the conventional wisdom said at the time, depended to a great extent on who we were — that is, our genes.
That poses a potential problem for Mr. Bernanke: doing what Alan Greenspan did — keeping rates lower than conventional wisdom suggested at the time — could prove to be the wrong recipe.
Drucker's solution was a radical departure from conventional wisdom and, at the time, it generated little more than lip service.
The medical wisdom, at that time, based on a landmark 1960 study of institutionalized British children, was that puberty began, on average, for girls at age 11.
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