korrents

Our readingWhat is a korrent?

A run of correct forecasts is not evidence of expertise, because among many forecasters some are right by chance.

Drawn from what Gary Klein said

investing
What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

Probabilistic thinking

What Gary Klein actually said

  1. Gary Klein Research psychologist who founded naturalistic decision making
    I may have I may be an investor. I have a track record of calling the market right in the last five times. People say, "Wow, he really knows what he's talking about." But there are lots of people who are trying to predict which way the market is going to go. And some of them are going to get it right by chance. And people assume it's because they know what they're what they're doing, and in fact they're just the lucky ones.

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