Friday , 1 November 2024

Lorimer Wilson

Just How Accurate Are Financial Forecasts? (+3K Views)

Even the foremost experts in most fields are no better than a flip of the coin at predicting what’s going to happen in their particular area of expertise. In fact, in one study those with 80% confidence in their forecasts were only right 45% of the time, so even worse than a coin flip.

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The Many Benefits of Having a Bank Account in Hong Kong (+6K Views)

Hong Kong is an excellent place to bank. One of the best in the world, in my opinion. Why? Because the banks are strong, stable, innovative, and well-capitalized [and account holders] are free to choose what currency to accept (and save), whether HK dollars, US dollars, Chinese Yuan, gold, or anything else.

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Derivatives Are Nothing More Than A “Game” of Russian Roulette! Here’s Why (+4K Views)

Russian Roulette: Put one bullet in the cylinder of a revolver, spin the cylinder, point the gun at YOUR head, and pull the trigger. Most revolvers have 6 chambers, so your odds of surviving are 5 in 6, IF you quit after pulling the trigger once. Press your luck, spin the cylinder, point the gun, and pull the trigger again. It might be okay. Try for a third time? Now let's play Russian roulette - derivatives style.

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