04/12/10 - Why Economic Forecasts Often Fail
Linear thinking often utterly misses the mark in financial forecasting.
When it comes to your money, pay attention to the pitfalls of linear thinking. The markets of today may not resemble the markets of tomorrow. Keep in mind the concept of dramatic change. This cannot be over-emphasized and bears repeating: Major change is not an occasional occurrence throughout history; paradoxically, it's the only constant. Read more.
