Why learn history …

The advantage of history isn’t so much to see how assets have performed but to see how people reacted to the performance.

The above are the opening lines from a very well written memo on the blog site http://www.novelinvestor.com.

 

Here is the full blog post: Howard Marks: Lessons from the Nifty Fifty

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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