Experts are systematically wrong about the future because they are experts on an earlier version of the world, not the current one, meaning past expertise becomes a liability rather than an asset when conditions change.
causalpending
Speaker
Barry RitholtzEvidence Quote
“when experts are wrong it's because they're experts on an earlier version of the world”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 5:35:27 AM
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