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You Don't Need a Crystal Ball

Hidden Brain

Is Phil Tadlock's Forecasting a Good Idea?

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Finance professor argues that the really famous superinvestors, ike warren buffet or raydallio and people like that, are in some sense like coins that come up heads 20 or 30 or forty times in a row. He seehe's anointing people who are essentially lucky. So we built in a lot of statistical checks, but you know, you can never be 100 % sure. And when we get really streaky performancewe declare wee found a genius. The sceptics would well, phil tadlock is doing essentially the same thing here. We should be focusing as much on the insitfulness of the questions as the accuracy of the answers.

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