Falling for the forecasting fallacy will cost investors in the long run via financialpost
Not only do overlooked factors reappear unexpectedly, but new ones emerge for which there’s no historical context, such as Brexit, COVID and ChatGPT.
You get the picture. The reasoning behind a market forecast can be quickly overwhelmed by something that wasn’t contemplated or even known. The Financial Times’ Robert Armstrong said it well: “You try to understand markets as best you can, but you are surprised every day. Any intelligent and conscientious person who spends time in markets is humbled by how complex they are and how unpredictable they are.”Most commentators and strategists use economic data as a starting point for their market calls.
Listening to a big thinker justify their market call can be intoxicating. You want to believe they have a crystal ball, and the media can usually oblige by finding someone who got the call right .
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
VPD investigations of overdose deaths falling short, commissioner finds'Unregulated drug toxicity' is the leading cause of death for people in B.C. between ages 10 and 59, accounting for more deaths than homicides, suicides, accidents and natural disease combined, the B.C. Coroners Service reported.
Lire la suite »
Falling prices for cellphone, internet services a good sign, but they're still too expensive: expertsCanada\u0027s phone and internet prices fell in June but still have a long way to go when it comes to affordability, experts say. Read on.
Lire la suite »
Falling prices for cellphone, internet services a good sign, but they're still too expensive: expertsCanada\u0027s phone and internet prices fell in June but still have a long way to go when it comes to affordability, experts say. Read on.
Lire la suite »
Falling for the forecasting fallacy will cost investors in the long runThere are too many unknowns to predict the stock market, but investors still fall for the false certainty of forecasters. Read on.
Lire la suite »
Falling for the forecasting fallacy will cost investors in the long runThere are too many unknowns to predict the stock market, but investors still fall for the false certainty of forecasters. Read on.
Lire la suite »
These are the 5 headlines you should read this morningThe union representing striking B.C. dockworkers is set to have an emergency meeting today, Paul Bernardo will stay at a medium-security prison after a review, and an increase to the Canada Child Benefit.
Lire la suite »