A chief economist for a major hedge fund is 0 out of 10 for his 2010 forecasts. For once, he gets one concept correct, and ultimately loses one of his firm's biggest clients as a result of speaking the truth. This scenario is so wrong on so many levels.
http://www.zerohedge.com/article/byron-wiens-atrocious-forecasting-may-have-cost-blackstone-hundreds-millions
Thursday, January 6, 2011
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