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Observations Poems

Why forecasts don’t work?

Short Answer:There are too many unpredictables or “known unknowns” and “unknown unknowns”

This reminds me of another great poem by Cavafy called Nero’s deadline

Nero wasn’t worried at all when he heard
the utterance of the Delphic Oracle:
“Beware the age of seventy-three.”
Plenty of time to enjoy himself still.
He’s thirty. The deadline
the god has given him is quite enough
to cope with future dangers.

Now, a little tired, he’ll return to Rome—
but wonderfully tired from that journey
devoted entirely to pleasure:
theatres, garden-parties, stadiums…
evenings in the cities of Achaia…
and, above all, the sensual delight of naked bodies…

So much for Nero. And in Spain Galba
secretly musters and drills his army—
Galba, the old man in his seventy-third year.

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Links

Linkfest:Sep 6, 2012

Some stuff I am reading today morning:

Gold glitters in Sept (Bespoke)

Worst may be over for Ballarpur Industries (Mint)

India rules out ban on sugar exports (Bloomberg)

RBI Watch:Indian perspectives on turmoil in global economy (RBI)

McDonalds wooing of India continues (NYTimes)

803 Years of Inflation (ClimateerInvesting)

World Bank appoints Kaushik Basu as Chief Economist (WSJ)