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Home / Mike Norman Economics / “When the facts change, I change my mind.”

“When the facts change, I change my mind.”

Summary:
Self descriptive quote from Keynes who I assume was Liberal Art/dialectic trained... this is an interesting way,  as usual via figurative language from these people, to describe how the liberal art trained brain works... probably revealing...They actually think as though they are "changing their mind!" (when they synthesize?); rather than simply making a proper corrective adjustment... weird-o-rama!!! 11/"When the facts change, I change my mind. What do you do, sir?"- apocryphally attributed to KeynesThe truth? What you probably do is stick with your gang.(end) — Noah Smith ? (@Noahpinion) August 14, 2018

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Self descriptive quote from Keynes who I assume was Liberal Art/dialectic trained... this is an interesting way,  as usual via figurative language from these people, to describe how the liberal art trained brain works... probably revealing...

They actually think as though they are "changing their mind!" (when they synthesize?); rather than simply making a proper corrective adjustment... weird-o-rama!!!

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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