I stole this directly from Motley Fool.... it states what I've tried to state here before... Predictions are a fools business. Ask Ballmer (the EX CEO of Microsoft) about what he thought and said about the iPhone. An Idiots statement.
Steve Ballmer QUOTE:
“Five hundred dollars? Fully subsidized? With a plan?” Ballmer chuckles in the way that only Ballmer chuckles. “That is the most expensive phone in the world. And it doesn’t appeal to business customers because it doesn’t have a keyboard, which makes it not a very good email machine.”
You think he wishes his EX company sold anywhere near 10 million of something in a weekend??
Now for a better "quote"....
If we want to plan for the future, we must predict in some capacity. But, to extend a theme proffered in last month's introduction, how do we think about predictions in such a hard-to-predict world?
Partly, we can't: The simplest way — and, if our investing track record says anything, the most safely profitable way — is to seek stocks that require fewer predictions; companies whose pasts most tend to approximate their futures. No complicated series of contingencies needs to play out for most Income Investor stocks to succeed.
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