Last Year’s Lessons

John Noonan Uncategorized

We’ll get right to the point: In investing, forecasts and predictions are worthless. And probably, “in anything”. But for our purposes here, no one in history has been right more often than wrong in such a quantity that would force the rest of us to acknowledge the existence of a true fortune teller. Of course, a look into all past predictions is required to make this assertion. We’ve certainly written enough about it over the years to make the case. And the folly of forecasting is no secret. But a full thesis this is not. Rather, we prefer to pick …