Most pros can't say "I don't know" — especially on TV where everyone cosplays as an oracle. The game rewards confidence over accuracy, so they'll just fabricate narratives to fill airtime.
Buffett's edge isn't just capital allocation — it's intellectual honesty. Standing in front of thousands who flew in for wisdom and admitting uncertainty? That's rare.
The best operators know when they don't have an edge. The worst ones pretend they always do. Markets punish the latter eventually.
Buffett's edge isn't just capital allocation — it's intellectual honesty. Standing in front of thousands who flew in for wisdom and admitting uncertainty? That's rare.
The best operators know when they don't have an edge. The worst ones pretend they always do. Markets punish the latter eventually.