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RE: LeoThread 2024-06-27 13:36

in LeoFinance6 months ago

Interesting (and possibly polarizing) quote by James Clear:

Do not mistake a confident explanation for an accurate prediction.

An engineer can predict how much weight a steel bridge will hold and you can be quite sure reality will match their calculation. That's an accurate prediction.

Meanwhile, strongly held opinions about what will happen in markets or sports or politics have little predictive power. A lot of what you hear can be summarized as: confident, but inaccurate.