Economy Is Not Baseball, Where The Game

First Of All, I Think It's Odd That People Who Cover Politics Wouldn't Have Any Political Views.

Distinguishing The Signal From The Noise Requires Both Scientific Knowledge And Self-knowledge: The Serenity To Accept The Things We Cannot Predict, The Courage To Predict The Things We Can, And The Wisdom To Know The Difference.

Expert Estimates Of Probability Are Often Off By Factors Of Hundreds Or Thousands. [...] I Used To Be Annoyed When The Margin Of Error Was High In A Forecasting Model That I Might Put Together. Now I View It As Perhaps The Single Most Important Piece Of Information That A Forecaster Provides. When We Publish A Forecast On Fivethirtyeight, I Go To Great Lengths To Document The Uncertainty Attached To It, Even If The Uncertainty Is Sufficiently Large That The Forecast Won't Make For Punchy Headlines.

We Are Living Our Lives More Online And You Need To Have Different Ways To Capture That.

Plenty Of Pundits Have Really High Iqs, But They Don't Have Any Discipline In How They Look At The World, And So It Leads To A Lot Of Bullshit, Basically.