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Author: akck Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 61260  
Subject: Re: Nate Silver to Joe Scarborough: Wanna Bet? Date: 11/1/2012 12:36 PM
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My only comment is that models continue to work until they don't.

I used to think my cash flow models good and even better as I made them more complex. As time went on they started giving bad projections caused by the model and/or bad input by the users. While we haven't abandoned the model, I've taken out some of the complexity.

This is why I take results from "accurate" models with a grain of salt. Remember the old saying: "Past performance is no guarantee of future results."
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