Chapter
Skepticism on Experts and their Predictive Models
1:18:45 - 1:24:14 (05:28)
The pressure on experts is coming from two different directions in the world of investing, leading to an increasing skepticism towards over relying on experts and their predictive models. Experts are defined as people with a predictive model that actually works, but this definition itself may be flawed.
Clips
The podcast explores the downsides of relying on experts and how having a predictive model that actually works is crucial for experts in the world of investing.
1:18:45 - 1:24:14 (05:28)
Experts
Summary
The podcast explores the downsides of relying on experts and how having a predictive model that actually works is crucial for experts in the world of investing. In today's world, there is increasing pressure on experts from different directions, which has led to a need for people to think twice about blindly trusting experts.