Why everyone is wrong about the stock market...
Predictions are like backsides, Everyone has one and most are full of... Today we explore the world of forecast and look at why most are wrong.
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In todays video i want to look at some research i have done that explore the prediction industry that exists around the stock market and the economy in general. I am often surprised at just how many people seem so confident in their ability to forecast which way everything will move.
Links from video:
Speech: https://www.nobelprize.org/prizes/eco...
Christina Fang - https://hbr.org/2013/04/experts-who-b...
Romanian Witches - https://www.irishtimes.com/news/witch...
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Timestamps:
00:00 - Trophies
02:03 - Today
02:48 - Consistently wrong
03:12 - Why is everyone wrong.
04:53 - Sponsor
06:07 - Does evolution hold the answer?
07:03 - The demand
08:24 - Why don't they feel like idiots..
10:57 - The motivation.
12:06 - Romanian Witches
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DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.