Subject: Your brain is wired for bad predictions
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 2 Nov 2017 05:03:28 -0400 (EDT)

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}A daily digest of opinions and analysis10 Points About Forecasting (and Why We Stink at It) Even though predictions are almost useless, we persist in making and listening to them. (That is, when we know how to spot them, which is less often than you'd think.) Barry Ritholtz offers a host of pointers on psychology, probability and risk for investors who'd rather not blunder off this familiar cliff.The House and Senate Should Stop Protecting Sexual HarassersCongress's embarrassingly backward harassment policies are coming under scrutiny. It's about time. The Bloomberg View editorial board argues that the current approach allows a widely acknowledged problem to continue unchecked.You Can't Trust the Usual Gauges in This EconomyWhen you get GDP readings of 3 percent and potential growth estimates of 1.6 percent, overheating is a natural concern. But does that seem plausible to you? Conor Sen says something doesn't compute: Either America's economic data is bad, or its economy is. Food-Loving French Are Bereft of Their ButterThe French eat more butter than anyone else in the world — three times as much as the average American — and now they're facing a crisis-level shortage. Justin Fox investigates why that country consumes so much of the spread, and how its citizens stay so trim in spite of it. Ritholtz's ReadsThe 10 biggest Brexit myths, debunked (Bloomberg)Why stock-market bulls should be wary of rising tide of earnings shenanigans (MarketWatch)There’s precedent for Amazon competing with so many companies. It doesn't end well. (Quartz)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflyTIAA's devotion to investors can start with the feesStandard Chartered recovery looks a trifle sub-standardEven the Russians (mostly) can't stop Facebook's money machine(Read more from BV's sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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