Hong Hao: The essence of cycle research and fortune telling is prediction, the difference lies in methodology

Economist Hong Hao stated at a private Binance meeting that investment research and traditional fortune telling are essentially predictions about the future, with the difference being in methodology. Hong Hao believes that traditional fortune telling is based on long-term empirical observation, while investment research is based on quantitative analysis of historical data. Hong Hao stated that there is no universal standard answer for market predictions, and investment decisions vary from person to person. Hong Hao believes that any prediction has boundaries, and prediction is essentially a glimpse into the future.