Re-Kindled: Superforecasting

The Animal Spirits book club re-read Superforecasting: The Are & Science of Prediction by Philip Tetlock and Dan Gardner for this week’s Re-Kindled podcast.

We discuss:

  • Why forecasting is so difficult
  • The difference between entertainment and advice
  • Why it’s easier to be a BS artist than a good forecaster
  • Why people have a hard time understanding probabilities
  • Why stories have such a hold on our psyche
  • Where the phrase “dart-throwing monkey” came from
  • The traits required to make better forecasts
  • Why it’s wise to take admissions of uncertainty seriously
  • Mental time travel
  • The different types of charlatans
  • Hindsight bias and illusions
  • The importance of a growth mindset and much more

Listen here:

Stories mentioned:

And feel free to read along with our next books, Blink and The Tipping Point, both by Malcolm Gladwell.

Email us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.

Follow us on Facebook and Instagram

Subscribe here:

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.