Arthur Bloch: Market Predictions
on Wednesday, August 10, 2011Funny Money Quotes: We all believe we can predict the future of the market, but very few can know what happens after their prognostication proves out. Arthur Bloch said:
“You may know where the market is going, but you can’t possibly know where it’s going after that” — Arthur Bloch
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This quote from Arthur Bloch suggests that while it may be possible to predict the short-term direction of the financial markets or economy, it is impossible to foresee all future developments and changes beyond the immediate future. No matter how knowledgeable one is, unforeseen events can always occur that alter the course of markets in ways that were not expected.
So even if you think you know what will happen next in the markets, you cannot truly know with certainty what will happen in the longer term beyond that. It’s a reminder that predicting the very long-term movements of complex systems like markets is a difficult and inexact task.