Too Long; Didn't Read
As noted by Ray Dalio in his book “<a href="https://www.amazon.com/Principles-Life-Work-Ray-Dalio-ebook/dp/B071CTK28D/ref=sr_1_3?ie=UTF8&qid=1531311813&sr=8-3&keywords=ray+dalio+principles" target="_blank">Principles</a>”, the current education system has molded decision-making in favor of <a href="https://www.nuggetsofthought.com/2018/02/16/ray-dalio-on-the-importance-of-approximations-when-understanding-reality/" target="_blank">precision over approximation</a>. He views this mentality as ineffective for deciphering and connecting the meaningful dots from the irrelevant. Similarly, for a variety of academic and societal reasons, financial practitioners and investors have been conditioned to think in the complex and precise rather than the approximate and probabilistic.