outguess

"Instead of outguessing the market, let me make all these thousands or millions of people who are investing work for me. I’m just going to sit back and let them duke it out," Booth says.

Therefore “there’s also a potential opportunity for active investors in terms of outguessing the rest of the market as to how the political situation is going to unfold.”

One thing, above all, was relentlessly drummed into me at the University of Chicago’s Booth School of Business: You, private citizen, should not attempt to outguess the market.

All these questions and more are at the heart of a plot that unfolds like a series of Russian nesting dolls, so much so that outguessing every last twist and turn is unlikely to happen.

While the frustrations of parents and staff over districts’ decisions last week are understandable, so too is the impossible position of a superintendent trying to outguess a moving target.