Forecasting: Interest Rates and Market Changes

By Kaizen Wealth Managment | Published: September 29, 2009

image01

The function of economic forecasting is to make astrology look respectable.
- John Kenneth Galbraith

 

image0-1

I’ve been in the forecasting business for 50 years, and I’m no better than I ever was, and nobody else is either.
- Alan Greenspan

 

And the cost of reacting to forecasts, stock market promoters and other financial media commentators - leading to poor investor behavior: about 6.5% per year over the past 20 years.

image0-2

 

Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
  – George S. Clason [The Richest Man in Babylon]

 

 

This entry was posted in Home and tagged , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.