Knowing what you don't know is crucial to success and avoiding dangerous situations. Excess certitude can lead to fatal actions, while admitting uncertainty can prevent trouble.
The practice of rethinking decisions should be done in moderation so that it doesn't lead to analysis paralysis, but it also shouldn't be ignored. The optimal range for re-evaluation is still unclear but research on super forecasters suggests that a single check-in point every six months might help.
The inability to predict and analyze surprising events, such as the current coronavirus outbreak, remains a challenge for forecasters due to the inability to even consider events we cannot think about.
The market has been flowing red for months and the balance of risk is making a recession possible. The multi-trillion dollar mutual fund complex has been a net seller and the pricing was based on enthusiastic retail investors rather than fundamentals.
Risk instruction sets have been the conventional way to do instruction sets and they haven't changed much since the 1980s. Despite this, they remain dominant due to their small clock cycles per instruction.