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Free course · Lesson 3 of 4 · 5:09

Nobody knows the future

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How professional year-ahead forecasts have done, why the tails decide everything, and the question that replaces "what will happen?".

In this lesson

  • Forecasts vs reality in 2008, 2013, 2022 and 2023
  • Every S&P 500 month since 1993: why the rare tails decide the outcome
  • Measuring instead of predicting, and what reacting looked like in 2000-2010