The sun will rise (somewhere) tomorrow. The earth will spin on its axis for the foreseeable future, and time will keep going.
These things we take for granted are all predictions; some of the few that we can rely on. Nothing guarantees them, but few doubt them. This confidence in the movement of celestial objects and nature’s faithful progress encourages us to believe in the power of prediction – even when the odds prove otherwise…
Prediction was the theme for this Quarterly Commentary. My variation on that theme looking at how poor predictions can lead to bad investment decisions.
Writer Gugulethu Hlekwayo
Editor Daniella Bergman / Rob Dower
Publication Quarterly Commentary 3 2017