079: Raoul Pal – The Biggest Financial Experiment the World has Ever Seen, Explained by a Global Macro Investor
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How to Be an Economics Expert in 10 Minutes
i was speaking at Cambridge university in the uk the other day and i explained to them that i could make them an expert on forecasting economies in 10 minutes. Once you understand that economies rise and fall in a obvious cycle you know that you can never do what economists do which is always forecast economic growth going forwards so that's when nobody forecasts recessions. I think also people need to be taught at university how to use common sense if you say to somebody if you take away from studying economics and study personal finances instead, they don't really realize that happens and don't know how to deal with it.
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