The True Value of Macro Forecasting for Value Investors
Value investors have been enamored of macro forecasting since the financial crisis; to be successful, they need to act like climatologists, not meteorologists.
Vitaliy Katsenelson
May 20, 2014
Meteorologist Dennis Feltgen places the tropical storm symbol on Tropical Storm Nate on a tracking map at the National Weather Service's National Hurricane Center at Florida International University in Miami, Florida, U.S., on Thursday, Sept. 8, 2011. Tropical Storm Nate may become the third hurricane of the Atlantic season over the weekend as it forced energy companies to evacuate platforms in the Gulf of Mexico and shut oil ports. Photographer: Mark Elias/Bloomberg *** Local Caption *** Dennis Feltgen
Mark Elias/Bloomberg
