Surprises matter in the economy - Deepstash
Surprises matter in the economy

Surprises matter in the economy

Surprises are constant, and not necessarily because we’re bad at predicting, but because everything important in the economy is driven by power laws where a tiny portion of things are responsible for the majority of outcomes. No single forecaster can track every moving part.

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"Money does not guarantee success." ~ Jose Mourinho

Economics is also about the stories we tell ourselves

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