Thursday, April 15, 2010

Faith In projections

RotoSynthesis >> Lost in Translation: Why Your Projections and Dollar Values Won't Save You:

"Those conditions are that either that everyone is using substantially similar projections to you, is worse at translating them to dollar values and is very strictly sticking to their dollar values at auction time; or (2) That the projections you're using happen to be right. Both cases are extremely unlikely."

Another piece written several days ago but worth reading.

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