The Madness of Forecasting
A national championship, no electricity for miles around, and a dead classmate. What happened? Forecasting failed us.
A national championship, no electricity for miles around, and a dead classmate. What happened? Forecasting failed us.
The question isn’t, “Can you beat the market.” Of course, you can. The question is, “Why bother trying?”
The cream rises to the top. The most fit deserve the most reward. Bah! That’s rubbish. Meritocracy ignores luck and survivorship bias, and we need to fix it
You’ll be surprised by the recent results of the Best Interest Stock Picking Competition. Was the stock market success just luck?