Posted by Ward on August 31, 2004
In Reply to: Re: Rearview mirror advisors posted by Lotg (OZ) on August 31, 2004
: : :
: : : What do "rearview mirrow advisors" mean?
: : Don't know the context but it could either refer to the ubiquitous phrase found on U.S. car mirrors, "Objects in mirror are closer than they appear", or it could be a humorous re-phrasing of "back seat drivers".
: Knowing that I'm taking an awful risk by making a guess and asking a question here - given the response last time I did this... Seeing this question was asked at the same time as those other two stockmarket questions, is it a stockmarket term? eg. People who advise after the fact perhaps?
This phrase is one I have heard versios of in the past...........it is a cynical evaluation of those advisors who tend to believe that the future will be much like the past. So their vision is directed at the rear view mirror rather than on the unknowns in the road ahead. Obviously, if you drove a car that way it would produce a pretty unpleasant and dramatic result.