T-Bills vs. Timepieces: Locking Up Wealth or Acquiring Timeless Beauty
Pirates of Finance
00:00
The Importance of Confidence in Forecasting the Market Cycle
"I do not understand how people have the confidence in prognosticating about where like inflation rates or anything are going to be," he says. "If the market's efficient, that would imply that you can't know with certainty whether they're the market, whether a recession is coming." The other extreme is you can't forecast the cycle at all, even if you know exactly what will do well.
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