Tuesday, December 30, 2008

Quote of the day

John Kay in FT:

The American political scientist, Philip Tetlock, has studied the prognostications of pundits over several decades. He finds that the better known the forecaster, the less accurate the forecast.
Just think of the army of economists, investment bankers and analysts who have been wrong about the world economy over the past year or so.


gaddeswarup said...

John Kay?

T T Ram Mohan said...

Gaddeswarip, Point noted!