Lesson 3: How predictable are the markets?

The financial media loves to tell us which way the markets are heading and spot the 'hot tips' they reckon the other pundits have missed. But just how good are they at getting it right? Is it possible to forecast market falls or rises at any one point in time? Or are they inherently unpredictable?

AcuityAcuity Volume 53: Star manager supernovasWe look at how persistently skilled fund managers are a very rare commodity, hard to identify in advance and hard to live with over time.

AcuityAcuity Volume 52: If it ain’t broke, don’t fix itOne cannot judge a performance in any given field (war, politics, medicine, investments) by the results, but by the costs of the alternative

BlogReflecting on the outcome of the General ElectionDemocracy – for all its critics – has again delivered something positive.

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