George Box's model philosophy 'all models are wrong, some models are useful' is the correct frame for thinking about financial models: the goal is utility and directional correctness, not accuracy or perfection, which sets appropriate expectations for forecast quality
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Paul BarnhurstEvidence Quote
“George box he says you know all all models are wrong some models are useful you know and I just I I really love that idea because like the idea is to be useful it's not to be right”
Created: 8/13/2026, 9:52:46 AM
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