Forecasting finance: The benefits of attempting the impossible. By Rob Lewis
Desperate to divine their destinies, the ancient Romans studied the passage of birds and the entrails of beasts. The pressure to predict the future is no less intense in the age of modern capital structuring. Today’s financial seers do their soothsaying from their deskstops – whether they’re any more reliable, however, is a matter of some debate, says Rob Lewis.
When it comes to adjusting existing financial arrangements or making new investment decisions, a little prescience can be a precious thing.