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I Think Punditry Serves No Purpose.
-Nate Silver
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I Think Punditry Serves No Purpose.
Nate Silver
I Think Punditry Serves No Purpose.
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More From Nate Silver
Data-driven Predictions Can Succeed-and They Can Fail. It Is When We Deny Our Role In The Process That The Odds Of Failure Rise. Before We Demand More Of Our Data, We Need To Demand More Of Ourselves.
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Plenty Of Pundits Have Really High Iqs, But They Don't Have Any Discipline In How They Look At The World, And So It Leads To A Lot Of Bullshit, Basically.
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We Look At All The Polls, Not Just The Gallup Poll. So, It's Kind Of Like If You Have, You Know, Four Out Of Five Doctors Agree That Reducing Cholesterol Reduces Your Risk Of A Heart Attack, Gallup Is Like The Fifth Doctor.
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Actually, One Of The Better Indicators Historically Of How Well The Stock Market Will Do Is Just A Gallup Poll, When You Ask Americans If You Think It's A Good Time To Invest In Stocks, Except It Goes The Opposite Direction Of What You Would Expect. When The Markets Going Up, It In Fact Makes It More Prone Toward Decline.
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