It speaks the language of institutional investment professionals and sophisticated individual investors. One s first reaction is to chuckle. On the second thought, Ruckeyser s joke deserves to be taken seriously.
People today have too many answers.
Certainty is the most conspicuous feature of the forecast glut, whether from wide-eyed optimist or doleful pessimist, or from high expert or lowly amateur. No fuzzy edges are visible in these predictions. Evidence exists only to be twisted to fit the case, whichever case it may be. We, too, have a position. We have attempted to articulate this case in as straightforward a manner as possible.