FYI: Take a person who is confident in something they know nothing about. We all know them.
They believe in something with more conviction than other things they’re qualified to opine on. Ask a doctor how to avoid getting cancer and they might say, “There are common-sense practices, but it’s a complicated topic and we still need decades of research to really understand the issue. And even then there’s always just bad luck.” Then ask them how we can avoid the next recession and they may tell you in black-and-white terms what the Fed should do.
Regards,
Ted
