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I receive a newsletter from Sundaram BNP Paribas Asset Management Company and it’s worth reading. I guess you need to invest in their funds to get that newsletter.
I found the “Rosenberg Dozen” in that newsletter and I am sharing that with you.
David Rosenberg, Chief Economist at Gluskin Sheff, has the following economist’s dozen of rules :
- In order for an economic forecast to be relevant, it must be combined with a market call.
- Never be a slave to data, they are no substitute for astute observation of the big picture.
- The consensus rarely gets it right and almost always errs on the side of optimism – except at the bottom.
- Fall in love with your partner, not your forecast.
- No two cycles are ever the same.
- Never hide behind your model.
- Always seek out corroborating evidence.
- Have respect for what the markets are telling you.
- Be constantly aware with your forecast horizon – many clients live in the short run.
- Of all the market forecasters, Mr. Bond gets it right most often.
- Highlight the risks to your forecast.
- Get the (US) consumer right and everything will take care of itself.
Interesting, No?
I edit Personal Finance Online Resources, nurture Financial Literacy Foundation, deliver Financial Awareness Workshops and have built a desktop RupeeManager.
Invite me for a talk. Email me on ranjan@ranjanvarma.com or Call me on +919867755615
