Truth course
From Huben's Wiki
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* Dumb trend projection is people's tendency to view trends as structural. Examples of this include: "Housing prices have never fallen; hence they will never fall." "This stock returned 17.2% over the past three decades; hence it will continue to do so." "The center of gravity of the global economy is inevitably shifting to Asia." And so forth. But in reality, past performance is no guarantee of future results. Or, to put it more pithily, "The trend is your friend til the bend at the end." http://noahpinionblog.blogspot.com/2012/08/what-happened-to-japan.html | * Dumb trend projection is people's tendency to view trends as structural. Examples of this include: "Housing prices have never fallen; hence they will never fall." "This stock returned 17.2% over the past three decades; hence it will continue to do so." "The center of gravity of the global economy is inevitably shifting to Asia." And so forth. But in reality, past performance is no guarantee of future results. Or, to put it more pithily, "The trend is your friend til the bend at the end." http://noahpinionblog.blogspot.com/2012/08/what-happened-to-japan.html | ||
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| + | * Nothing that you will learn in the course of your studies will be of the slightest possible use to you in after life, save only this, that if you work hard and intelligently you should be able to detect when a man is talking rot, and that, in my view, is the main, if not the sole, purpose of education. —John Alexander Smith, professor of moral philosophy at Oxford, 1914, | ||
