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After the fact explanations always have perfect hindsight…

I am constantly amazed by the endless explanations telling us — after the fact what just happened in the markets. Later today, I will look at some of these explanations but before hand, a few words on the Narrative Fallacy and Hindsight Bias. These two cognitive foibles help to explain why the after-the-fact explanations that occur following… Read More The post After the fact explanations always have perfect hindsight… appeared first on The Big Picture.
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