The Reasons Why Forecasts are Rarely Helpful by Howard Marks
Without knowing it, Howard Marks co-founder and co-chairman of Oaktree Capital Management, wrote a perfect post for “Thinking flaws Tuesday”. He argues that forecasting, contrary to what most of us believe, is rarely helpful. While the article is going into detail regarding common practices of macro investors, it is a brilliant thought exercise that could be applied to regular life. While predicting the future is hard, it might as well be unnecessary. Enjoy the read in the link below.
