Reading a book is the closest we can come to sharing the mind of a great thinker. After all, what is a book but thoughts transcribed? Spend a lot of time with great people and we cannot help but be transformed by the experience. If you want to become a more interesting person, with a…
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I have written often about how appalling the social sciences are at prediction and I include the financial markets within this soft science definition. The chart below shows that intriguingly this is not the case with other sciences – longer term weather forecasts are becoming more and more accurate. The interesting thing is that economists have…
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