n Personal Finance Newsletter - Three themes to watch in 2009 : comment
|Article Title||Three themes to watch in 2009 : comment|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Feb 2009|
|Pages||1 - 2|
At Allan Gray we shy away from forecasting economic variables as we believe that it is very difficult, if not impossible, to be consistently accurate in one's forecasts, and we know that we are not much good at it. However, in making long-term investment decisions in an open economy such as South Africa, we are required to form some view of whether or not certain facets of the economy are either in balance, or out of balance (and thus unsustainable in the long run).
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