The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
About this quote
- What does it mean?
- Financial markets cannot be predicted with certainty. Effective trading requires preparing for multiple scenarios rather than assuming a single outcome.
- In plain terms
- Markets are unpredictable so you must plan for different outcomes instead of guessing one.
- What can you take from it?
- Plan for multiple scenarios because markets cannot be predicted.
Where it applies
Putting it to work
Questions to consider
- How do you prepare for uncertainty?
- What scenarios matter most in your market?
Another view
Predictive models can sometimes offer high short-term confidence despite underlying uncertainty.
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