The Value (And Danger) Of Predictions

Just think of how wealthy you could be if you could make accurate predictions! How great would it be i f you knew about the 2008 market crash before it happened, (we’ll return to this one)? Or that the stock market would roar after Donald Trump was elected (this one too)? Well, yes and no. You’d earn prediction payback only if your prediction was followed by action to profit from the prediction. Pontificating without action is simply being the boring guest at a party whom...