“The future is inherently unforecastable, the nature of investing is that the decisions you have to make now concern a future that is inherently unknown”
— Howard S. Marks
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Simplified Meaning:
No one can be certain about what will happen in the future. When you invest money, you have to make choices now without knowing what the future holds. Imagine planting a seed in your garden. You hope it will grow into a strong, healthy plant, but you can't predict the weather or if pests will come. Investing is similar; you put your money into stocks or businesses, hoping they will do well. However, many factors like the economy or market trends are unpredictable. This means you have to make the best decision with the information you have now, accepting that there will always be some risk. Being aware of this uncertainty can help you prepare better and make wise investments, even if the future is unclear.
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Decision-making Financial planning Forecasting Future Investment Investment strategy Risk Uncertainty UnknownFEATURED QUOTES
