The Paradox of Transparency: Is Central Bankers' Excessive Guidance Really Helping Investors?
In his book The Signal and the Noise Nate Silver the founder of the New York Times political blog FiveThirtyEight.com offers: The Finnish scientist Hanna Kokko likens building a statistical or predictive model to drawing a map.  It needs to contain enough detail to be helpful and do an honest job of representing the underlying landscape – you don’t want to leave out large cities prominent rivers and mountain ranges or major highways. Too much detail however can be overwhelming to the traveler causing him to lose his way... While some may cringe at the analogy I’d offer that ...
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