> Imagine a guidance from Apple saying they would make $2 per share with 47% probability. Investors will freak out.
if that's all it said, sure, because that sounds like apple just made some insanely high-variance bet. if instead apple provided some nice smooth probability distribution over possible earnings, folks would react much more reasonably.
if that's all it said, sure, because that sounds like apple just made some insanely high-variance bet. if instead apple provided some nice smooth probability distribution over possible earnings, folks would react much more reasonably.