Instead of the regular Hot Links post, I have just one read for you today – but wow is it a good one.
My friend Bob Seawright, writing at his Above the Market blog, has just delivered one of the bests posts he’s ever done, which is quite a high bar. In it, he looks at the myriad ways in which forecasting is more harmful than helpful, even if we regard it as “entertainment”, which is something the former CEO of Bear Stearns once admitted to in a court room.
Without further preamble, I send you there now. Enjoy!