
Behind the Memo: The Illusion of Knowledge
The Memo by Howard Marks
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Forecasting Is a Wonderful Thing, Anybody Can Do It?
i trotted out some of my favorites and used one to head each of the sections in the memo. A's a great quote from john kenneth galbraith: We have two kinds of forecasters, the ones who don't know and the ones whoDonald borston said that the most dangerous thing isn't the lack of knowledge, but the illusion of knowledge. Einstein said, i don't think about the future. It'll come soon enough. And hesas life is so much easier, i hope people will think about living their lives that way, rather than making and consuming forecasts.
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