“The bottom line is that the output from a model may point in the right direction much of the time, when the assumptions aren’t violated. But it can’t always be accurate, especially at critical moments such as inflection points . . . and that’s when accurate predictions would be most valuable.” —Howard Marks
Links - 09/10/2022
Links - 09/10/2022
Links - 09/10/2022
“The bottom line is that the output from a model may point in the right direction much of the time, when the assumptions aren’t violated. But it can’t always be accurate, especially at critical moments such as inflection points . . . and that’s when accurate predictions would be most valuable.” —Howard Marks