2013 Lessons Learned

Josh Brown has a terrific piece up today at The Reformed Broker that summarizes the lessons learned in 2013 by people from all over the world of finance and media.

Forecasting and Your Local Meteorologist

“Recognizing that the amount of confidence someone expresses in a prediction is not a good indicator of its accuracy – to the contrary, these qualities are often inversely correlated. Danger lurks, the in the economy and elsewhere, when we discourage forecasters from making a full and explicit account of the risks inherent in the world…

Enough.

“Every dollar you spend is a vote for what you value in life.” – Anonymous “I like the fundamental tenets — do unto others as you would have them do unto you, try to be a good citizen, do what’s right for the people around you.” – John Bogle