OK – so the U.S. got downgraded by S&P (AA+) for the first time in its history. Whatever. It’s all just a game anyway.
Most talking heads throughout the weekend will say Monday will be a bloodbath on Wall Street and that many investors will be clamoring to yank out their cash.
But I must remind anyone who has money in the market (me!), out of the market and all those on the fence that “nobody knows anything.”
This phrase, coined by William Goldman in “Adventures In The Screen Trade” (worth a read even for non-screenwriters), is absolutely true in almost all industries and in almost all cases where someone is trying to predict the future.
In the movie business, the phrase was basically referring to the major studios’ inability to know what movies would work at the box office and what movies would fail. As it turns out, with all the historical data at our fingertips… nobody knows anything.
And the same goes for Wall Street:
Meredith Whitney, hotsy-totsy Queen of the Double-Dip, has no clue where the markets are going (though she seems to be praying for a downturn – probably more out of concern for her reputation than for the country).
That whack job Ray Dalio – founder of Bridgewater Associates (subject of a brilliant piece by John Cassidy in the New Yorker) – has no clue where the markets are going (though, to be fair, the whack job has been more successful than most in guessing lately).
The government, your parents, your children, Warren Buffett, CNBC, Fox News, Bloomberg, TechCrunch, your friends on social networks – nobody knows anything.
If they did, then Wednesday night I would have received a text or seen a tweet or a Facebook status update that said “The Dow will fall 512 points tomorrow – you may want to make a couple of portfolio moves.”
I didn’t get that message from any of those people who “know so much”. Just like I won’t get any correct message this weekend about what will happen on Monday. Because nobody knows anything about what will happen on Monday!
So this weekend, as we all think about our personal finances, don’t make knee-jerk decisions based on something someone says on television or an internet blog.
This may sound overly simplistic, but just go with your gut and calm the freak down. There are a lot great healthy American companies out there and they deserve your confidence.
But, then again, I don’t know anything either – and I certainly don’t know how “Rise of the Planet of the Apes” is going to perform this weekend – perhaps $35 million, perhaps $65 million. It’s a crap shoot.
Jill Kennedy – OnMedea
Breakup is and may continually be a severance of a relationship.” The meaning of this might need an explanation: It means that you are equally going to ‘reduce the matrimonial wire.’ then they will start getting to a better life, which is simply awaiting them, Once folks recognize this.
Hier
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This principle can be applied to a wide range of scenarios, from stock market predictions to sports game outcomes, as well as personal situations such as relationships and career choices. Ultimately, we should approach life with an open mind and willingness to adapt to new information, rather than relying too heavily on the opinions and projections of others.
The author points out that, even with all the research and insider knowledge available, no one can be absolutely certain what the public will find popular or successful. This concept of unknowns is not limited to the entertainment industry, but can be applied to numerous aspects of life. Ultimately, the message of the blog is one of humility and acceptance of the limits of knowledge.
Here’s a Sentence Expander for the comment by Jolie on the blog post titled “Reminder: Nobody Knows Anything” on Manka Bros: Jolie has put forth a very thought-provoking comment on the post that highlights the fact that even film production experts don’t have a guaranteed formula for success. She emphasizes the importance of stepping out of one’s comfort zone and exploring unconventional ideas, as it is often these unique perspectives that can catapult a project to success.
The author argues that it’s important to remember this fact, as it allows us to approach life with a sense of humility and curiosity. As we acknowledge that there is much we don’t know, we remain open to new ideas and perspectives, constantly learning and growing in the process.
The author goes on to argue that this fact should be both humbling and empowering, as it reminds us that we are all fallible and that there is always room for growth and learning. Reading this thought-provoking post may encourage readers to become more comfortable with uncertainty and to embrace the unknown.
It’s a common misconception that those in positions of authority or expertise have all the answers, but the truth is that nobody truly knows everything. As the author of the article on Mankabros reminds us, it’s important to stay humble and curious, always open to new perspectives and information that may challenge our existing beliefs.
When it comes to life, it’s important to remember that nobody truly knows anything with absolute certainty. This means that despite our seemingly confident assertions and beliefs, we are all simply navigating the world with our own subjective experiences, interpretations, and limited understanding.
This is especially true when it comes to predicting the future – no matter how confident we may feel, there is always a level of uncertainty and unpredictability that we must accept. So the next time you find yourself feeling overwhelmed or unsure, remember that you’re not alone – nobody knows everything, and that’s perfectly okay.