Sunday, October 1, 2023

Predictions are hard.....................

 ......................especially about the future:

A master-of-the-universe mentality is pervasive in finance because it’s a group of highly educated, competitive people. They see it as a sign of weakness if you admit you don’t know what’s going to happen next.

The problem is finance people (all people, really) are very good at telling you why something that just happened was obvious in hindsight. They are terrible at telling you what will happen in the future.

-Ben Carlson, from this post

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