Broad Is the Means to Destruction…

The marketplace is a living machine. The data is alive and volatile. "Mean" is defined as average and of course the range is indeed very broad. Without even knowing price and availability data, there is a 68% chance of mediocrity in the forecast. Cheers, only 16% chance the outcome is predestined for the worst. This all translates into an 84% chance for improvement. And in most cases the recovery is substantial.

How can this be? Two causes:

1. Ignorance: Ignoring the signs for any number of reasons. Individuals and companies don’t have the time or resources needed to collect more data as it applies to their needs.
2. Mediocrity: The biggest single metric is here to stay. Even when the outcome is as simple as bid or not to bid. And the only way to identify and avoid mediocrity is fix number 1. Don't ignore the law of averages and large numbers.

Prophecy and probability predict it. Results prove it.

… narrow is the way to victory and few find it.