Words to Remember
The Folly Of Forecasts 🧠
“There are two kinds of forecasters: those who don't know, and those who don't know they don't know.”
Why we ran it
A future-dated report from Citrini Research imagined June 2028 with unemployment above 10% and the S&P 500 down 40%, and the market sold off $600 billion on the fear of being obsolete. Galbraith's line was the antidote to treating one vivid scenario as a forecast.
From the February 27, 2026 issue: The $600B FOBO Selloff →