Why We Stink at Forecasting

In a very interesting post on our inability to forecast, Barry Ritholtz writes:

Even though predictions are almost useless, we persist in making and listening to them …

Click on the link below to read further:

10 Points About Forecasting and Why We Stink at It

While you are at it, you may also want to read the chapter “On Forecasting” in the book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”

#RidingTheRollerCoaster

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Why people make forecasts

Interesting blog post on forecasting:

“Why are there entire businesses setup to make forecasts?  The answer is quite simple; forecasting exists because there is a giant market for it.  Investors/traders thirst for forecasts.  Here is the real question; why do investors want to hear/read forecasts?”

Click on the link below to read the entire post:

Why some make forecasts

 

 

#RidingTheRollerCoaster – 189