Comments on: Putting financial jargon in plain English–Warren Buffett style http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/ Articles on game theory and personal finance Thu, 17 May 2012 07:10:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: RohoMech http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/comment-page-1/#comment-73 RohoMech Wed, 29 Aug 2007 19:53:42 +0000 http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/#comment-73 Well, there is perhaps another reason, besides laziness. Two reasons, the language in most documents needs to vetted legeally to make sure people cannot sue for false info. And, related to that, I bet lawyers want to stay in business, so it'd be in their interest to keep things difficult (Levitt points out that experts don't want to share info...) Well, there is perhaps another reason, besides laziness.
Two reasons, the language in most documents needs to vetted legeally to make sure people cannot sue for false info.

And, related to that, I bet lawyers want to stay in business, so it’d be in their interest to keep things difficult (Levitt points out that experts don’t want to share info…)

]]> By: Presh http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/comment-page-1/#comment-71 Presh Tue, 28 Aug 2007 04:41:11 +0000 http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/#comment-71 @Anonymous: I suspect poor writing is mainly the result of laziness and mandatory legalese. But you do raise a good point. Businesses might try to financial knowledge exclusive through intentionally poor communication. In a recent scandal, bankers wrongly used the term “equity” to swindle investors to invest in extremely risky debt obligations. Bloomberg has reported about this <a href="http://www.bloomberg.com/news/marketsmag/ratings.html" rel="nofollow">ratings charade</a>. @Rebecca: Thanks for the encouragement. @Anonymous: I suspect poor writing is mainly the result of laziness and mandatory legalese. But you do raise a good point. Businesses might try to financial knowledge exclusive through intentionally poor communication. In a recent scandal, bankers wrongly used the term “equity” to swindle investors to invest in extremely risky debt obligations. Bloomberg has reported about this ratings charade.

@Rebecca: Thanks for the encouragement.

]]> By: Rebecca Thorman http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/comment-page-1/#comment-69 Rebecca Thorman Tue, 28 Aug 2007 03:56:03 +0000 http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/#comment-69 And that's why I like your blog! Keep up the good work. And that’s why I like your blog! Keep up the good work.

]]> By: Anonymous http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/comment-page-1/#comment-67 Anonymous Mon, 27 Aug 2007 23:46:33 +0000 http://mindyourdecisions.com/blog/2007/08/27/a-failure-to-communicate/#comment-67 Turning this problem around, wouldn't you say that some financial writing is obfuscated because maintaining exclusivity of knowledge helps businesses operate with greater authority over the consumer? Turning this problem around, wouldn’t you say that some financial writing is obfuscated because maintaining exclusivity of knowledge helps businesses operate with greater authority over the consumer?

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