WHUT Charlie Rose October 29, 2013
Writing this book. I had to discard the basic premise which all classical economists or those of us who were involved in that form of economics and computerbase models, and have to look at fundamental premise. And i basically assumed as we all did that not only, that fundamental premise is that human beings act in their own long term self interest most of the time. But the general belief of all economists who are forecasting, is while it is not only most of the time but when it isnt, its random. And you can disregard it because it cant be muddled. What shocked me is when i started to try to ac...