We have just completed market prediction season. It’s the time of year where there are countless forecasts about what the economy will do in the new year. Its when experts…
Tag: forecasting
Stock Market Forecasts are Mostly Worthless
A recent article in The New York Times suggests ignoring the predictions of Wall Street strategists in favor of investing in cheap, diversified index funds. “Strategists, some of whom are…
The Perils of Market Forecasting
By Jack Forehand (@practicalquant) — It’s that time of year again. The time of year where all the market experts make their 2020 predictions. You will see countless forecasts about…
Forecasters are Usually Wrong, But Foxes Are Better At It
A provocative article in The Atlantic highlights the unsuccessful track record of “expert” forecasters, regardless of their area of specialty or level of experience. However, the article points out that…
Economic Forecasters Keep Getting It Wrong
Despite the word on the street, we’re not in an economic boom. This according to a recent article in The New York Times. “The economy has been mired in an…