> <snip> > > the market has sight. market analysts have hind-sight. > > engineering is about fore-sight. therein lies a world of > > difference in roles and responsibilities. > > The fore-sight of any role is constrained by assumptions. An engineer who > designs a building to withstand a collision with a 707 suddenly has a lot > more hindsight (than fore-sight) when it is hit with a 767. So let's > acknowledge there is no such thing as perfect fore-sight for any role, only > better or worse given a set of assumptions. there is no perfect foresight. there is no perfect hindsight either. nor is the market either efficient or reliable at choosing good solutions. but we are probably better off using some combination of foresight, hindsight, and market forces than by excluding any of these or relying on any of these exclusively.