The past year was great for demonstrating one of the common investment fallacies that has kept behavioral finance specialists in expensive cars for many years - investors' willingness to listen to a paid professional's forecast for the market no matter what their track record. You might think about popular talking heads on cable business networks, but no one has had a better run in the last few years than macroeconomists. First, they told you that there's no way British voters would back Brexit, or that if Donald Trump won in November it would trigger a massive market sell-off.
展开▼
