The Importance of Predicting the Actions of Others

I learned about myself that I had imputed on to the decision making process, my own process. And I was probably overly enamored with my own logic. So that's a real lesson. It took the world three to four weeks to figure out what we needed in this completely unprecedented crisis. Sometimes central banks are harder to predict and policymakers and politicians are harder predict,. Because you're dealing with so much idiosyncratic risk at the single person level. The whole world was just like, Laguard, you're a fucking idiot after she said that.