I always remember when studying at university that the value of information was in inverse proportio...
I always remember when studying at university that the value of information was in inverse proportion to its generality. What that means in plain English is that if I was to say it is going to rain in England sometime next year, this is a general remark, probably true and not very useful. If, on the other hand, I was to say it will rain next week from 2pm to 3pm, this is a specific remark that has a high probability of being wrong but, if accurate, is extremely useful, particularly if it's the day you are organising a barbecue Often the same can be said about market analysts. Both the US ...
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