"Thank you sir, may I have another?"
Forecasting is a tough game. Trying to assimilate seemingly endless data points into a coherent view of the future (at a company, industry and country level) is far more challenging than it seems. Martin Conlon, Head of Australian Equities, discusses our predilection for common-sense and the stark lack of evidence supporting the sustainability of these economic and industry extremes leaving us unwilling to pick up pennies in front of steamrollers.
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