The futility of predicting?
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The futility of predicting?
Serious question: What is the difference between HB's futility of predicting vs. reading the writing on the wall?
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
Re: The futility of predicting?
Normally, it's timing and scale of effects.Coffee wrote: Serious question: What is the difference between HB's futility of predicting vs. reading the writing on the wall?
I can tell you many things that are virtually certain to happen in the future, but what I can't tell you is the precise date they will happen, the scale of the events' effects, or the ways in which people will react to and cope with the events.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: The futility of predicting?
I think that it's difficult to predict future events (and their timing) in a way that the market has not already priced.Coffee wrote: Serious question: What is the difference between HB's futility of predicting vs. reading the writing on the wall?
If I give you a Nostradamus-style prediction of "In the future... there will be inflation!", it's difficult to know how to turn that into actionable investment advice based on the current prices of things like gold and silver.