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Elon Musk was asked by an interviewer what he does when he makes a wrong decision. He said he doesn't make decisions based on being right. He makes decisions based on expected value. Which means he expects to be wrong frequently. He said if you're not wrong at least 30% of the time you're not making enough decisions. He described SpaceX's approach to rocket design. Instead of spending years perfecting a design on paper and…

From my friend Robert Albertson’s crystal ball. No comments from me, because I largely agree with what he is saying. Auctions optimism with emphasis on Cautious...Anat Bird My outlook for banks and financials in 2025 can be summed up as one of cautious optimism.  While the market has expressed premature ebullience over Trump’s election, which definitely included strength in financial stocks, there are many loose and important ends still buried in uncertainties.  A sea change…