People are prone to making predictions about everything from the weather to the economy. However, relying on predictions when investing can thwart your success.
We live in a world full of information, and misinformation, which end up forming the basis for decisions we make. The problem with this is that we don’t always have the time to weigh up the information we receive and investigate the facts. This also plays out in how we make investment decisions, using factors such as past performance and economic growth to try predict future success.
Speaking on the sidelines of the 2018 Allan Gray Investment Summit, Business Development Manager Lettie Mzwinila explains how predictions can hurt your investment success and advises on how to make better decisions regarding your investments.