Occupational hazard

One of the occupational hazards of being in the financial markets is the constant requirement to predict. Clients want predictions and so does the print and electronic media. One has to predict the GDP growth, election results, monsoons, sovereign defaults and so on. The range of predictions given out by people in the financial community would put astrologers to shame.

Usually I tend to make predictions (whenever I cannot avoid making them) and then forget them rather than remind myself of past follies.  It is in this context that I was pleasantly surprised when I came across this old article. It is not often that predictions turn out right and I could not resist the temptation to gloat! (Adjustments are required for bonus / splits in share prices, BSE Sensex was trading in the range of 12,500 to 13,000 at this time)

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