Not even Elon Musk's predictions are always accurate.Britta Pedersen-Pool/Getty ImagesPredictions carry doubt no matter who is making them — even if it's Elon Musk or John Paulson, one expert says.David Tuckett, an uncertainty researcher, told BI that dismissing doubt eventually "leads over a cliff."He said the success of elite investors like Warren Buffett may be largely down to luck, not skill.Even the smartest minds in finance and tech don't know for sure what the future holds, and even the most successful investors may have gotten lucky, one expert says.John Paulson — one of the few money managers to predict and profit from the housing crash of 2008 — recently proclaimed he would dump his stocks for cash and gold if Kamala Harris is elected president this November, as he expects markets to tumble.Elon Musk responded on X that "Buffett is already preparing for this outcome," ostensibly suggesting Warren Buffett will offload stocks too if Donald Trump secures a second term."Investors will be led astray by Paulson, Musk or anyone else if they assess what he says about the future without recognizing uncertainty, or imagine the future in an (excited) divided state," David Tuckett, the author of "Minding the Markets," told Business Insider in an interview.Tuckett, director of the Centre for the Study of Decision-Making Uncertainty at University College London, was stressing the danger of not having any doubts about what lies ahead: "Short-term it can work but eventually it leads over a cliff — a divided state."Instead, investors should adopt an "integrated state" where they recognize there's uncertainty and investigate it, he said.
An Uncertainty Guru Says Investors Can't Dismiss Doubt — And Even Warren Buffett's Success May Be Down To Luck
tmohamed@insider.com (Theron Mohamed), Business Insider
Sun, 09/29/2024 - 2:02am
Topics: britta pedersen-pool/getty imagespredictions kamala harris november donald trump paulson centre study decision-making uncertainty university college london david tuckettlucking hsbc seizing uncertainty bi he bi inefficiencies bumper berkshire berkshire hathaway s&p elon musk it john paulson david tuckett bi buffett warren buffett musk buffett minding markets business insider tuckett tuckett investors dismiss doubt success told efficient investing state future divided money eventually hypothesis leads expert author period argued largely assess stocks rational ndash
BING NEWS:
- An uncertainty guru says investors can't dismiss doubt — and even Warren Buffett's success may be down to luck
Don't ignore doubt even if Elon Musk or John Paulson are making predictions — and investors like Warren Buffett may just be lucky, says David Tuckett.
09/28/2024 - 10:02 pm | View Link - Use Warren Buffett's Guru’s Formula to Find Undervalued Stocks
When it comes to long-term investing, finding the valuation gap—the difference between a stock’s current market price (CMP) and its intrinsic value—can be a powerful strategy. This gap highlights ...
09/19/2024 - 5:22 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more