Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge: the serenity to accept the things we cannot predict, the courage to predict the things we can, and the wisdom to know the difference.
You don't want to influence the same system you are trying to forecast.
Success makes you less intimidated by things.
In politics people build whole reputations off of getting one thing right.
There's always the risk that there are unknown unknowns.
Plenty of pundits have really high IQs, but they don't have any discipline in how they look at the world, and so it leads to a lot of bullshit, basically.