What I find lacking is any depth to the retrospection. Hanania’s willingness to update his position clears a rather low bar. To go further one has to search for systematic causes for the error. For example, being wrong with the markets seems like a good opportunity to examine the hidden incentives that cause the market to get it wrong, not shrug and say “who could have known?”
What I find lacking is any depth to the retrospection. Hanania’s willingness to update his position clears a rather low bar. To go further one has to search for systematic causes for the error. For example, being wrong with the markets seems like a good opportunity to examine the hidden incentives that cause the market to get it wrong, not shrug and say “who could have known?”