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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jack of All Trades who wrote (8895)2/14/2003 2:04:18 PM
From: Wyätt GwyönRead Replies (1) of 306849
 
it's the numerical mistakes that hurt

actually, i would say it's the strategic mistakes that hurt much more than the numerical ones. as somebody (Keynes?) said (paraphrasing...) it's better to be roughly right than exactly wrong. just ask anybody who's seriously followed Abby Joseph Cohen's precise market predictions these last three years.

you never know how well off someone is financially...

and my counterpoint is that while you may never know how well off a particular person is, you can have a pretty good idea how well off a group is.

it stands to reason that if all the couples in my neighborhood are working, then at least the vast majority of them are doing so because they couldn't afford their lifestyle otherwise. or else i am surrounded by an amazing statistical anomaly of workaholics...
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