Understanding Price Without Prediction
The energy spent predicting is enormous. The accuracy is not. This book explores focusing on what is happening rather than what will happen.
You study patterns. You build models. You develop theories about what happens next.
And then the market does something else.
The energy spent predicting is enormous. The accuracy is not. This book explores a different approach - one that focuses on what is happening rather than what will happen.
What's Inside
- Why the urge to predict is natural but costly
- The difference between prediction and observation
- How to respond to what is happening instead of guessing what will
- How price tells its own story in the present tense
- The relief that comes from accepting uncertainty
Chapters
- 1 Why We Want to Predict
- 2 What Prediction Actually Costs
- 3 The Difference Between Prediction and Observation
- 4 Reacting to What Is Happening
- 5 How Price Tells Its Own Story
- 6 The Uncertainty That Must Be Accepted
- 7 Acting Without Knowing What Comes Next
- 8 The Relief of Not Knowing
- 9 What Remains When Prediction Is Released