WARREN INGRAM: Predictions of little use when managing money
Investors who stay invested through all market conditions tend to be better off than those who change constantly
At the start of every year we are inundated with predictions in the media about the year ahead. Inevitably, the most rational and balanced views take a back seat, as the scariest and boldest predictions always get the biggest headlines.
While I understand the human dynamic that drives this behaviour, I am always amused at how people take these bold predictions as fact. ..