The Rewind: Uncertainty
The Memo by Howard Marks
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The Importance of Uncertainty in Economics
Howard marksi wrote a memo a week for six weeks, but i've skipped the last three weeks. Our inability to know the future is a theme i've touched on repeatedly over the years. We should understand the limitations on our foresight and whether a given forecast is more or less dependable than most. Any one o fails to do so is probably writing for a fall. And that's why a highly developed sense of uncertainty and intellectual humility is essential for outstanding and now hers uncertainty.
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