he is painfully honest
he was predicting doom and gloom and ended up getting it wrong
so what does he do
he admits that he made a mistake
and tells you why he got wrong
he didn't factor in the fact that property prices would stay up, that businesses would be able to refinance with capital raisings and the effect of rudds monetary and fiscal policy on the general economy
so what does he say....
"What do I mean by humility? Simply realising that you dont know anything at all about the future, very little about the present and a few sketchy details about the past. Speaking for myself, there are many more things that I dont know than I know."
you got to love the guy!!!
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