Quotes 1 till 5 of 5.
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Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling.
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Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
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It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
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Never forget this simple truism: Forecasting is marketing, plain and simple.
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We talk about the Internet. That comes from science. Weather forecasting. That comes from science. The main idea in all of biology is evolution. To not teach it to our young people is wrong.
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