Filed under: Financial Services, Stock Markets, Historical Stock Prices, Investing
Throughout history, there have been stories of great mythical oracles who could predict events. The Greeks had Pythia — a high-priestess in the Temple of Apollo — whose foresight was said to be infallible. In the Nordic countries, Odin was known to carry the severed head of Mimir, who gave him secret knowledge and counsel. Even in today’s modern world, many still follow the advice of an “Oracle from Omaha.”
But the fact is that nobody can predict with any amount of certainty what will happen in the future, especially when it comes to financial matters. That doesn’t mean that many haven’t tried — more and more of them as the financial media has grown — but more often than not, those who do end up with egg on their face.
Here then, in no particular order, are the 10 worst financial predictions of the last 25 years.
Brian Lund has developed a list of “20 Books Every Investor Should Know About.”
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Source: Investing
