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7. Subjective Probabilities: Numerical b... > The CEO doesn’t see what you’re up t...

The CEO doesn’t see what you’re up to

It appears that he doesn’t think these results provide anything that can be used to resolve the disagreements among the analysts.

From: CEO, Backwater Investments

To: Head First

Subject: Your “subjective probabilities”

I’m kind of puzzled by this analysis. What we’ve asked you to do is resolve the disagreements among our analysts, and this just seems like a fancy way of listing the disagreements.

Note

He doesn’t think these figures are of any help.

Note

Ouch! Is he right?

We know what they are. That’s not why we brought you on board. What we need you to do is resolve them or at least deal with them in a way that will let us get a better idea of how to structure our investment portfolio in spite of them.


  

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