Facts and opinion

The Moynihan Principle -The late senator from New York once said that everyone is entitled to his own opinion, but not to his own facts.

One of the issues with we have learned form behavioral finance is that there is disagreement on the perception of what could be considered facts. As important there is disagreement on facts mean or the linkage between a given fact and what it may been about the future. The facts are often not in dispute, it is their meaning.