A few months ago, we provided a new definition of speculation. Today, in that same spirit we define the phrase, “financial projection in a crisis.”
No, we don’t mean scenario analysis or stress-testing; two tasks that we actually performed for several years.
We mean something analogous to Freud’s kind of psychological projection, whereby one attributes one’s own undesirable thoughts, motivations, desires, and feelings to someone else, or alternatively, one’s conscious recognition of one’s own traits in another (per Wikipedia). Therefore, we define it as follows.
Financial projection… Read the rest
