Why are markets so unpredictable?
Why Are Markets So Unpredictable? The World's Biggest Voting Machine Has a Mind of Its Own Every few years, somebody declares they've finally figured out the market. A new model. A new algorithm. A new framework. A new way to forecast interest rates, earnings, elections, consumer behavior, geopolitical events, and everything in between. Then the market humbles them. I've spent decades...
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