Market forecasters: worse than coin flip

From Rick Ferri, a sensible investment advisor and Boglehead.

Quote:

The results are in and they are bad. After tracking 68 experts and 6,582 market forecasts, CXO Advisory Group has concluded that the average market prediction offered by experts has been below 50% accuracy. Flip a coin and your odds for predicting the market are better.

http://ift.tt/1dEXXWu

via JREF Forum http://ift.tt/1cWiKbd