Robust decision-making embraces many plausible futures, then helps analysts and decision makers identify near-term actions that are robust across a very wide range of futures
Can we improve on the accuracy of these estimates by obtaining estimates from, say, 22 leading investment banks and averaging them?
My firm judged me qualified to write their daily market letter, based on the fact that I had one month’s experience in Wall Street
The investor does not have to be an expert in macro-economic theory.
Many investors have lost money trying to tie their fortunes to a trend such as demographics and an aging population.
The last time I made any specific stock market predictions was in the year 1914, when my firm judged me qualified to write their daily market letter, based on the fact that I had one month’s experience in Wall Street.