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Curious Crow
ProfSteveKeen
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Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Top Economist Explains System Dynamics in 80 Mins" video.
Not many, because if it was that simple everyone would be doing it. There is no hitter in baseball that has hit a home run in every game of their career. Likewise, there is no investor in financial history that has been on the upside of every transaction they have made. Never. Now that's a framing, but how insightful is it? How useful is it? The idea of the game of financial investing is to be right more than being wrong. And what's worse is there are many ways to lose money, than there are to make a profit. And even worse, all those models did diddly squat in 2008. Almost everyone lost money, except those who paid attention to fear and greed in the markets. But modelling alone is not the holy grail.
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