The speaker discusses the distinction between precision and accuracy in calculators, noting that while precision can provide comfort in decision-making, it does not guarantee accuracy due to the complexity of variables in human life and markets. The speaker emphasizes the importance of having precision in calculations to maintain confidence in decisions, even if they are not perfectly accurate. They suggest that the comfort of precision outweighs the discomfort of imprecision, as without precision, decision-making would be akin to random selection.

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