Thought for the Day

In a previous note Schezzer re-stated an old adage that "the art of forecasting was not to be correct but to be wrong for more sophisticated reasons".

This is amusing (for cynics and for those engaged in the black art) but I think the real motto for practitioners should be "the aim and skill of forecasters everywhere is to always be correct – even if it’s for completely the wrong reasons".

If you work on that basis you will always be popular (people never remember the "why", only the "what") and you may also make some money.