A Quote by Linda Bradford Raschke
I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I'm a strong believer in chaos theory.
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Whenever you hear a discussion about the short-term swings in any given stock's price, your immediate thought should be whether it matters to why you are investing.
The theory of chaos and theory of fractals are separate, but have very strong intersections. That is one part of chaos theory is geometrically expressed by fractal shapes.
A self-fulfilling prophecy is an assumption or prediction that, purely as a result of having been made, cause the expected or predicted event to occur and thus confirms its own 'accuracy.'
Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same.
Both pure and applied science have gradually pushed further and further the requirements for accuracy and precision. However, applied science, particularly in the mass production of interchangeable parts, is even more exacting than pure science in certain matters of accuracy and precision.
Some people tend to believe that I'm a strong believer, a strong Christian, but that's not true. I'm not a strong believer. I'm very weak.
Henceforth, whilst there are a great many theories and models proposed as to how, or why, magic works (based on subtle energies, animal magnetism, psychological concepts, quantum theory, mathematics or the so-called anthropomorphic principle) it is not a case that one of them is more 'true' than others, but a case of which theory or model you choose to believe in, or which theory you find most attractive. Indeed, from a Chaos Magic perspective, you can selectively believe that a particular theory or model of magical action is true only for the duration of a particular ritual or phase of work.
I'm a great believer in chaos. I don't believe that you start with a formula and then you fulfill the formula. Chaos is a much better instigator, because we live in chaos - we don't live in a rigorous form.
Chaos is not disorder. Chaos is the totality of existence. You could call it God. You could use the term, the Tao. I like chaos. It means more to us in English. Chaos is all things, wild and wonderful, connected perfectly by the life force.
I understand that fans think short-term, and there's nothing wrong with that. You live or you die in the short term. But I believe in our system, and when you do that, you don't make knee-jerk decisions.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
From time to time, an excessively strong dollar may have negative short-term implications on the economy.
We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.
They believed that prediction was just a function of keeping track of things. If you knew enough, you could predict anything. That's been cherished scientific belief since Newton.' And?' Chaos theory throws it right out the window.
Nobody believes a weather prediction twelve hours ahead. Now we're being asked to believe a prediction that goes out 100 years into the future? And make financial investments based on that prediction? Has everybody lost their minds?
Any astronomer can predict with absolute accuracy just where every star in the universe will be at 11.30 tonight. He can make no such prediction about his teenage daughter.
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