DAVID SHAPIRO: The reputational risk of making forecasts
Whatever the experts tell us, it will not have any sway on the direction of financial markets
07 May 2021 - 05:07
If you want to trash your reputation in the market, make a forecast.
Get it right, and the media bills you as a leading expert. Billionaire investor Howard Marks scoffs that a lot of people in financial markets have become famous for getting things right, once in a row. But get it wrong and you spend a lifetime defending your poor judgment...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.