Knowing the Future Won’t Make You Money: John Authers

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Today’s Points:

• Fun online: You too can try trading in the knowledge of the next day’s news, and (probably) lose money.
• Foreknowledge doesn’t help as much as making the right-sized stakes — just as in poker.
• Complexity holds the key to economic growth, which implies good things for Central Europe.
• The next US president has a massive problem with housing affordability.
• TIP: A penultimate constellation of starry songs.

Pretending to See the Future

Nobody in the world wants yesterday’s papers. Within 24 hours, they’re ...