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Showing posts from January, 2022

MY (small) GARZARELLI MOMENT

  MY (small) GARZARELLI MOMENT( 1 ) Yes, yes. Pride goeth before the fall, and I am quite sure that after having predicted, far in advance of other pundits, that Sergio Mattarella would succeedhimself as President of the Republic , I am due for a slew of incorrect predictions. But that's an easy prediction, on two counts or more. First, I am mainly involved as a professional in financial markets, where anything resembling 50% correct predictions is a GOOD result (money is made in how you trade around that, not in trying to bring that to 60%). But more importantly.... my predictions are ALWAYS wrong. Before anyone objects, I DO have opinions, which is the conventional way to say “a frame of reference of reality orienting choices in all aspects of daily life”. The point is, in my experience reality is too complex to be comprised in a number of “correct opinions”. Also, convictions are emotional investments which risk anchoring a person too firmly for too long, which can rapidly