Generalization is better than specialization

Life/Investing Mantra

  • What matters for the quality of prediction is less what the expert thinks and more how the expert thinks.

    • Foresight is the product of particular ways of thinking, of gathering information, and of updating beliefs.

  • Generalists are better at predicting the future than specialists.

    • The terms “hedgehogs” and “foxes” have come to be associated with specialists …

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