I'm sure I am not the only fund manager who hates being asked for his forecast for the market ove...
I'm sure I am not the only fund manager who hates being asked for his forecast for the market over the next year. It is not that I lack confidence or conviction. It is simply that I can anticipate so many different outcomes that I know today's best guess can be tomorrow's embarrassment. I certainly don't buy stocks and forget about them for a year so why should my market calls be so dogmatic? Accordingly, you can imagine my delight when put on the spot by a colleague in marketing last December. As far as I could see 2003 was and still is a particularly difficult year to hazard a year-e...
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