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John Kamin--"The Forecaster"
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<p>[QUOTE="longnine009, post: 2047362, member: 1886"]The reason, I think, that so much forecasting fails is because most are just predicting the present.</p><p><br /></p><p> Forecasters who actually go beyond that are usually doing so with much thought, logic, rationale, charts graphs and aerial photographs. So how's that's going to work out when the people affecting markets are instead projecting into the rationale world their inner world of chaos, conflict, confusion and especially in the case of coin collectors-- whimsy?</p><p><br /></p><p>Another thing in Kamin's book is the rule of 10. Or don't buy coins that are less than 10 years old. That way you avoid paying for hype. I read this in 1978. Makes absolute perfect logical sense. But that didn't stop me from buying a Murk Diem Zombuck this year. I just liked it (whimsy) so it was screw the rule of 10, I want it.[/QUOTE]</p><p><br /></p>
[QUOTE="longnine009, post: 2047362, member: 1886"]The reason, I think, that so much forecasting fails is because most are just predicting the present. Forecasters who actually go beyond that are usually doing so with much thought, logic, rationale, charts graphs and aerial photographs. So how's that's going to work out when the people affecting markets are instead projecting into the rationale world their inner world of chaos, conflict, confusion and especially in the case of coin collectors-- whimsy? Another thing in Kamin's book is the rule of 10. Or don't buy coins that are less than 10 years old. That way you avoid paying for hype. I read this in 1978. Makes absolute perfect logical sense. But that didn't stop me from buying a Murk Diem Zombuck this year. I just liked it (whimsy) so it was screw the rule of 10, I want it.[/QUOTE]
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John Kamin--"The Forecaster"
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