A view of life and commercial real estate from Newark and Licking County, Ohio
I describe my forecasting model as “good enough.”
I’m confident people will solve problems and become more productive over time.
I’m confident markets will allocate the rewards of that productivity to investors over time.
I’m confident in other people’s overconfidence, so I know there will be mistakes and accidents and booms and busts along the way.
It’s not detailed, but it’s good enough.
-Morgan Housel, from here