Don’t Jump to Conclusions

Don’t Jump to Conclusions Friday’s IT blackout was another great lesson from the school of ‘You Never Know What’s Going to Happen Next’. Surprises happen all the time, but despite that fact, there are a lot of assumptions about the future embedded in the market today. Some of the big ones are: The economy is […]
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Things Are Not Always as They Appear

Things Are Not Always as They Appear There is an old saying about Wall Street prognosticators: Often Wrong, Never in Doubt. The first problem with prognostications is that they are typically very short-term oriented. The second problem is that they often hide counterintuitive facts. The third problem is they contain their own behavioral biases. Since […]
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