Do you see though, why it is dangerous for “earnings forecasts” to be wrong? And repeatedly wrong? Do you think the solution is “Trust Team [leader name]”? First off: earnings forecasts are ALWAYS somewhat wrong. There is wiggle room for that stuff because economics is tea-leaf reading. You know that from investing. Candles or squiggles or tea leaves, all similar. BUT, you can make SOME educated guesses given certain information. Now comes along chaos-maker. Who makes money? His friends? maybe. People like Soros, as he would bet on human emotion and created a whole system people use for investing that works very well in chaos. But who fails? People planning and building things for the future.

Do you see though, why it is dangerous for “earnings forecasts” to be wrong? And repeatedly wrong?
Do you think the solution is “Trust Team [leader name]”?
First off: earnings forecasts are ALWAYS somewhat wrong. There is wiggle room for that stuff because economics is tea-leaf reading. You know that from investing. Candles or squiggles or tea leaves, all similar.
BUT, you can make SOME educated guesses given certain information.
Now comes along chaos-maker.
Who makes money?
His friends? maybe.
People like Soros, as he would bet on human emotion and created a whole system people use for investing that works very well in chaos.
But who fails? People planning and building things for the future.

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