Food, glorious food: what’s your prediction?

26 Oct 2011

Whether through rune stones, econometrics, tea leaves or premonitory octopuses, making predictions is always a dangerous business. It is even worse in financial markets, the speed of which allow for rapid proof that you’re right or wrong.

There has been too much volatility for some of my friends in the equity capital markets, who now try to stay well away from making any outlandish predictions. That makes sense. Their job is not so much to predict, but to steer their clients through the unpredictable. But ...

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