NASA has launched its New Horizons Spacecraft in 19th January 2006. In about Nine and Half years after its launch, it reached its destination. That's Pluto. This journey took almost a decade time. That's a known factor to everyone
When a question was raised to the scientist about how accurate were they in reaching this target of a long journey. They replied, the aircraft took 1 minute less than what was predicted in 2006. can you imagine, this was 99.99998% accurate
Now, i asked myself, how much time will it take to travel from Erode to Coimbatore? though i have travelled this path and distance many times in my life, i got atleast 3 answers and struggle to get 1 final answer. Can i predict this accurately by 80% ? Let me try this
Astrophysics doesn't depend on the human behavior and emotions. In Finance and Economy we put lot of our emotions. when market goes in our favor, we are extremely happy and when it just turns against us, we (most people) show our emotions in every possible manner and end in disaster. Think of path never travelled before with all kinds of uncertainty is reached with highest accuracy predicted
So, to get the accuracy in finance markets, as per my understanding, we should also consider the below points
- When planning, we should also consider the plans and skills of others whose decision might affect our outcomes
for example: when launching this aircraft, scientists would have planned all the external objects movement which might disturb this vessel, hence they have predicted this well
- We focus mostly on what we know and neglect what we do not know, which makes us overly confident in our belief
Let's have these points also considered in our plans when doing financial decisions.
Have a great day
B G Nareshkumar

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