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Episode #131 - Chris Sullivan and Why Trading Isn't Wealth Creation

Gold Goats 'n Guns Podcast

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How to Predict the Future

The quest for predicting the future is a fool's errand. Price is the only arbiter of truth, because you're looking through at those fundamentals through the prism of the past,. not looking into the future. You can be the best balance sheet analyst and best for me a predictor net present value of cash flows blah blah blah. But none of that's going to help me with the future. It's like Yoda said, always emotion is the future. And all you can do is probability class. Right? So you can, I mean part of this is just because humans are so fucking stupid Tom it's pathetic like."

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