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Daily Archives: March 11, 2020

Close is Good…and Not Just in Horseshoes!

VROIBy R.O.I. EditorMarch 11, 2020Leave a comment

‘Close’ is – famously – only good in horseshoes. However, I’ve done enough valuation to know that hitting close to the mark on the right target – to paraphrase the late mathematician John Tukey – is better than a bullseye on the wrong one. There is value in approximate answers, as long as they’re answering the right questions.

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