Charlie Munger Quotes
Projections Are Put Together By People Who Have An Interest In A Particular Outcome, Have A Subconscious Bias, And Its Apparent Precision Makes It Fallacious. They Remind Me Of Mark Twain's Saying, 'A Mine Is A Hole In The Ground Owned By A Liar.' Projections In America Are Often A Lie, Although Not An Intentional One, But The Worst Kind Because The Forecaster Often Believes Them Himself.
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