Keith chats to Stuart Thompson about forecasting in investing, but do investors fully understand not only the risk within forecasts but also the implications of accepting these forecasts?
We see it all the time in the investment industry - almost as a rite of passage; forecasts on stock prices, Greek defaults, gold price at yearend, economic data and so the list goes on. But how often are these forecasts accurate enough to actually be meaningful? Is it even possible to do it accurately? Is it even possible to do it inaccurately? Or are we just wasting our time?
Perhaps it's all about how one approaches them?
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