“We really can’t forecast all that well, and yet we pretend that we can, but really can’t.” -Alan Greenspan
“In order to be successful, an investor has to understand not just finance, accounting, and economics, but also psychology”
– Howard Marks, Co-Chairman Oaktree Capital
Predictions and Investor Psychology
As we put together our 2016 outlook newsletter, a few themes continue to rise to the top and the question of which topic to write about became an easy answer: investor psychology and market predictions. When viewed together, you can see how easy it is for an investor to get caught up in both.