The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.

Originally posted Thursday, 22 December 2022
Forget Stock Predictions for Next Year. Focus on the Next Decade.

These attempts at clairvoyance are stymied by a fundamental problem: It’s simply impossible to forecast the path of the markets six months or a year ahead with accuracy and consistency, as many academic studies have shown. That the financial services industry continues to label these unreliable numbers as forecasts is a triumph of breathtaking chutzpah — a technical term for shameless audacity.

The best investing advice I've seen all year.