The joy of predictability

Rising interest rates and uncertain stock markets have sent investors rushing towards safe and predictable fixed-income investments

by Dhirendra Kumar – FE

It is good when one does not have to deal with an unpredictable future. We love finding out what is going to happen. This is good business for those who pretend to predict the future. Of course, the desire to predict often outstrips actual ability, as anyone who has been following the media coverage of the UP elections knows. Perhaps elections in a complex multi-party first-past-the-post system are not inherently predictable. Apparently, the best strategy is to make many predictions and then hope that at least a few of them are not completely off target. Much like the business of predicting the stock markets, in fact.

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