Just getting started but here is an interesting quote, very applicable to racing:
Quote:
“There are a lot of areas where people who have experience think they're experts, but the difference is that experts have predictive models, and people who have experience have models that aren't necessarily predictive.”
Distinguishing between experience and expertise is critical because we all want to understand the future and are inclined to turn to seasoned professionals with good credentials to tell us what is going to happen.
Mauboussin, Michael J. (2012-10-16). The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing (Kindle Locations 434-435). Perseus Books Group. Kindle Edition.
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