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The power of imprecision

Everybody's complaining about our post-truth society and fake news. Implicit in such complaints is the idea that truth is a binary thing - that claims are either true or false. In many cases, though, this is not the case. Many things can be true, but useless or even downright misleading. Instead, there is a zone of imprecision, an area where statements are more or less reasonable. It is this domain that investors must live in, and make themselves comfortable with.

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By Chris Dillow,
17 March 2017

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Chris Dillow

Chris spent eight years as an economist with one of Japan's largest banks. Here, he provides insightful commentary on the latest economic news and data, along with thought-provoking articles about investor behaviour.

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