n Personal Finance Newsletter - Cut forecasters some slack - but don't bet on accuracy, either... : markets

Volume 2016, Issue 420
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Humans are inherently obsessed with knowing the outcomes of the future. In some cases, forecasters are bad at predictions. The business of forecasting happens all the time when it comes to financial markets, especially from the likes of international heavyweights such as Goldman Sachs, JP Morgan, Citigroup, as well as local household names such as Investec, Coronation, Allan Gray, and the like - not to mention the myriad of other investment banks that employ analysts. The financial media and investors clearly believe that the forecasts add value, or they wouldn't tune in.

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