Management Is Prediction --Dickeson

We haven't yet learned to cope satisfactorily with variance, have we? If a company announces that profits will be off a dime a share, their traded stock prices take a dive. We're disappointed despite knowing that such variations will happen. Past experience just isn't linear. It bobs and weaves. Economists can't predict the nation's surplus or deficit for the next fiscal year, yet we argue about tax policy based on a 10-year forecast! Silly.