forecasts........................

 

I come not to praise forecasters, but to bury them. . . .

    There is a forecasting-industrial complex, and it is a blight on all that is good and true.  The symbiotic relationship between the media and Wall Street drives a relentless parade of money-losing tomfoolery: Television and radio have 24 hours a day they must fill, and they do so mostly with empty nonsense.  Print has column inches to put out.  Online media may be the worst of all, with an infinite maw that needs to be consistently filled with new and often meaningless content.

     Just because the beast must be fed, does not mean you must be dragon fodder.

-Barry Ritholtz, How Not to Invest