You Can’t Predict the Future, So Stop Trying!

You Can’t Predict the Future, So Stop Trying!

Larry Swedroe wrote a terrific piece for etf.com a few weeks ago called Better to Face Correction. He delivers a great no-nonsense take on trying to time your way around a correction: “Even if you believe the probability of a correction is high, it’s far from certain....
Queue the Punditry – It’s Predictions and Forecasts Time

Queue the Punditry – It’s Predictions and Forecasts Time

GROWTH, GROWTH, WHERE’S THE GROWTH? It’s that time of the year again: The time when pundits and analysts assess the present and forecast the future. Here are a few predictions from The World in 2017, which is published by The Economist: • Forecasts suggest the United...
Market Forecasts: Whom Do They Benefit?

Market Forecasts: Whom Do They Benefit?

Market Forecasts: Whom Do They Benefit? On the one hand, consider John Kenneth Galbraith’s comment that “the only function of economic forecasting is to make astrology look respectable.” On the other, consider that there are numerous magazines, federal...