7min chapter

The Long View cover image

Barry Ritholtz: ‘How Not to Invest’

The Long View

CHAPTER

The Illusion of Predictability

This chapter explores the unpredictable nature of the universe and humanity's struggle with forecasting, revealing how often experts are no more accurate than laypersons. It emphasizes the need for a cautious investment approach in the face of uncertain and often unreliable predictions.

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