https://www.realclearmarkets.com/articles/2019/08/15/dear_catherine_rampell_the_former_soviet_union_had_many_experts_too_103850.html
A frequent theme in this column is one about the fallability of the brilliant. Jeff Bezos regularly acknowledges how often his experiments prove much less than great, the best venture capitalists admit that more than nine out of ten capital commitments result in bankruptcy, and then the world's best traders note that they're wrong almost as often as they're right. It's incredibly difficult to predict the future, and that's an understatement.
A frequent theme in this column is one about the fallability of the brilliant. Jeff Bezos regularly acknowledges how often his experiments prove much less than great, the best venture capitalists admit that more than nine out of ten capital commitments result in bankruptcy, and then the world's best traders note that they're wrong almost as often as they're right. It's incredibly difficult to predict the future, and that's an understatement.
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