10 Apr 2009 The Fourth Dimension
Posted at 16:30h in The Friday BriefIn the process of investing we spend a great deal of time in linear thinking. We measure, we weigh, we time, and we project. We draw lots of lines as we make our assertions and projections. The regulatory agencies require us to disclaim that past results do not guarantee future results, but we all, to various degrees, subscribe to that very notion. The multi-billion dollar marketing machine we’ll simply call Wall Street spends millions of dollars a day drawing lines which analyze, dissect, compare, measure, and highlight past results. There is an implication that the more colorful and complicated these reports are the better equipped we are to decide their appropriateness for the future.