Thanks in part to Bill Gates, vaccines are ALREADY being produced at scale, as they await approval. Even the most rabid Windows-hating Mac lifer must admit that @BillGates is a hero in this fight.
"Survivorship bias tends to distort data in only one direction, by making the results seem better than they actually are. This is because fund closures are often a result of underperformance."
Bruce Bartlett is a former Republican who served as a domestic policy adviser to Ronald Reagan and as a Treasury official under George H. W. Bush. A longtime observer and commenter on economic and political affairs in Washington, D.C.
And yes, I spot the hedge in the way its phrased: "Its a bubble but it's not ready to pop" covers all bases.
Blow up? We told you it was a bubble!
Rally? We told you it was not ready to pop!
Not really sure what the value of this duality is to investors...
here is why: We ignore the simple reality that the future is inherently unknown, and unknowable.
Once when we start talking about Uncertainty, what we really mean is our confidence in our flawed models is fading. The optimism we usually shown cracks.
A partner at Collaborative Fund and author of the new book "The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness." former columnist at The Motley Fool and WSJ, he is 2-time winner of the Best in Business Award from SABEW