Beware of analysts and “thought leaders” flogging trends

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People who thrive on attention — analysts and “thought leaders” — will tell you about what’s new and on fire. Making long-term decisions based on that is likely a mistake. If you’re not on top of a trend, you’re nobody Imagine for a moment that you are trying to be a thought leader. This includes … Continued

Bitcoin at $100,000? For any prediction, ask “what’s your methodology?”

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CNBC reported that, according to Saxo Bank analyst Kay Van-Peterson, the price of bitcoin “could hit $100,000” in 2018. This is a good time to ask, “Where do numbers like this come from?” Broadly speaking, analysts use detailed analysis and models to identify what is happening and predict what will happen. But what is the … Continued