I understand the sentiment, but I would absolutely refer you to Nicholas Talebs books and his treatment of volatility if you have not already seen them.
Still like the horses analogy. There are professionals that can make good predictions about horse races, as there are professionals that can make good predictions about random (but not causeless) events in the market.
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I understand the sentiment, but I would absolutely refer you to Nicholas Talebs books and his treatment of volatility if you have not already seen them.
Still like the horses analogy. There are professionals that can make good predictions about horse races, as there are professionals that can make good predictions about random (but not causeless) events in the market.