Then there was a paper by Pierre Noel, which got a huge amount of attention in the new year by pointing out that the conventional wisdom on tackling European dependency on Russian gas was all wrong.
If they do, they'll find out that the conventional wisdom is pretty much worthless.
"France has a track record of enacting laws to protect its local media interest that seem out of step with the conventional wisdom in other markets, " said Adrian Drury, an analyst with research firm Ovum.
Here we show that, for certain savers, the conventional wisdom about maxing out retirement accounts is wrong.
So thoroughly has this fable soaked into the culture that it is now mere conventional wisdom that if we just let it all out from the deep recesses of our souls--the anger, the fear, the prejudice, whatever--we will all be better off.
In another example, General Motors went bankrupt and had to be bailed out by the federal government because they bought into the conventional wisdom that Americans would always want big, gas-guzzling cars (among other outdated beliefs).
At times like these, conventional wisdom tells us to take emotion out of the decision making.
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Conventional wisdom says the Republicans have to turn out voters in rural counties and the suburbs of big cities like Cleveland and Cincinnati, to counter the lopsided majorities that Obama will pile up within city limits.
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Back then the conventional wisdom was that the shallow waters were played out.
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He ignored the conventional wisdom about the need to scrap your way out of trouble and stuck to firmly-held principles.
So how is one to square this assessment with the conventional wisdom also to some extent borne out by polling data that the public is in an isolationist mood, convinced that we must concentrate resources and energy on domestic concerns rather than international ones and opposed to the use of military power overseas?
So how is one to square this assessment with the conventional wisdom -- also to some extent borne out by polling data -- that the public is in an isolationist mood, convinced that we must concentrate resources and energy on domestic concerns rather than international ones and opposed to the use of military power overseas?
In an election sure to be about strength of voter turn-out, it may not, as conventional wisdom instructs, be all about the economy after all.
Such advice runs counter to the conventional wisdom that solving problems requires focusing a person's attention and blocking out distractions.
For more iconoclastic and out of consensus analysis, you can always visit me at www.madhedgefundtrader.com , where the conventional wisdom is mercilessly flailed and tortured daily.
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