Ever wonder how certain folks on TV are able to make predictions with no doubt whatsoever? Barry Ritholtz has a good article on just that and even better advice, "just ignore them". From the article:
It’s that time of year again when the mystics peer deep into their tea leaves, entrails and crystal balls to divine what’s ahead.
Which means it’s also time for my annual reminder: These folks cannot tell the future. Ignore them.
Most forecasters are barely familiar with what happened in the past. Based on what they say and write, it is apparent they often do not understand what is occurring here and now. Why would anyone imagine that they have the slightest clue about the future?
Read
Which means it’s also time for my annual reminder: These folks cannot tell the future. Ignore them.
Most forecasters are barely familiar with what happened in the past. Based on what they say and write, it is apparent they often do not understand what is occurring here and now. Why would anyone imagine that they have the slightest clue about the future?
Read
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