Posts made in April, 2013

Financial Prediction Fallacies

Posted by on Apr 21, 2013 in Financial Focus

One of the more interesting myths in the investment world is that large financial institutions, with their access to mountains of data poured over by teams of staff economists, can determine where the markets are going and profit accordingly. Gullible investors believe this even though, every year, we can go back to the confident predictions of brokerage firm leaders and leading hedge fund managers and see a hard-to-explain gulf between expectation and reality. In 2012, the broad U.S. markets delivered roughly a 16% return, depending on which of the indices you’re measuring. So...

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