Forecasting is Hard or Why Some Energy Hedge Funds are Getting Killed

Following up on this morning's Why Do You Think They Call It The Widowmaker? "Energy Hedge Funds Caught Out in the Cold ".

Via Paul Kedrosky, who comments, "Medium-term weather forecasters exist to make equity analysts look good".

 

Us, we'll stick with George E.P. Box, "...All models are wrong, but some are useful"
Also via Kedrosky:

Saudi Arabia deports 'irresistible' men deemed 'too handsome' to women
http://t.co/5p2OaPSHxI ->