Guru Time of Year

Yes, its that time of year when all the Gurus come out to discuss what the markets and the economy will be doing in the coming 12 months.

These tend to fall into several categories: 1) Asset managers talking their books; 2) the Perma-bulls and bears do the usual debate; 3) A series of confirmation-biased laden analyses.

History teaches us its best to ignore them.


I love this piece from Allan Roth, circa 2005; you can see his current columns here, and have a look at his ironic 5 Financial Predictions for 2011.


Apprenticed Investor: The Folly of Forecasting (06/07/05)

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