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Barry Ritholtz: 10 Points About Forecasting And Why We Stink At It
FYI: I recently pointed out an errant recession forecast made a year ago by a person who has been more or less been predicting an economic slump since 2011. I was hoping to spark a discussion of why forecasts are so counterproductive, and why no one should make investments based on them. Instead, a discussion of passive bulls mocking active bears broke out. Regards, Ted https://www.bloomberg.com/view/articles/2017-11-01/10-points-about-forecasting-and-why-we-stink-at-it
