The Best Quotes About Forecasting

In many ways, forecasting is a flight of egotism. We should bear those ats in mind when we try to make decisions regarding the future. Investing is about positioning our capital so that it will benefit from and not be harmed by future events. The correct answer i may say, well, it goes up most of the time. It'll probably go up. I attach a very low probability to that forecast being right. So different forecasts that we make have different probabilities of correctness,. Different amounts of reliance should be placed on them. And that's a very important thing.