Seems like these words have been written in this forum in some similar form many times? Particularly the first sentence?
https://ritholtz.com/2024/11/10-investi ... -election/
10 Investing Lessons from the 2024 Election
Nobody knows anything
You might have noticed a pattern: Humans are simply terrible at forecasting the future. And, we don’t really understand the present.
It doesn’t matter the field: Movies, music, politics, the economy, and most especially markets. We spend way too much time imagining we know what comes next when our track records clearly reveal we have no idea what is going to happen.
The world is filled with randomness. Making a guess 6 to 12 months ahead of time gives the universe ample opportunity to throw a curveball your way.
There is a famous Yiddish proverb: “Der Mensch Tracht, Un Gott Lacht.” It translates simply as “Man Plans and God laughs.”
https://ritholtz.com/2024/11/10-investi ... -election/
10 Investing Lessons from the 2024 Election
Nobody knows anything
You might have noticed a pattern: Humans are simply terrible at forecasting the future. And, we don’t really understand the present.
It doesn’t matter the field: Movies, music, politics, the economy, and most especially markets. We spend way too much time imagining we know what comes next when our track records clearly reveal we have no idea what is going to happen.
The world is filled with randomness. Making a guess 6 to 12 months ahead of time gives the universe ample opportunity to throw a curveball your way.
There is a famous Yiddish proverb: “Der Mensch Tracht, Un Gott Lacht.” It translates simply as “Man Plans and God laughs.”
Statistics: Posted by yankees60 — Sat Nov 09, 2024 7:26 pm — Replies 0 — Views 306