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Expectations Investing with Michael Mauboussin
Motley Fool Money
The Book of Predictions
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The future is really, really hard to predict. What are some of the ways that you get out even two, three years and make adequate predictions about the future? The concept of base rats would be what i wish i had when i was 20 years old. A base rate says usually it will be justt take one sep back, w we have a problem. It could be forecasting a company's performance, or whatever it is. You can combine your own experience with others' experiences in order to forecast into the future. Or so rather than thinking about this situation on another class mgth say, ok, you thinka the base rate,. Or by contrast, a very different
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