Predicting the future has never been easy, but the standard today is the same as in ancient times: does the prediction come true? As an ancient Hebrew author wrote, “When a prophet speaketh, … if the thing follow not, nor come to pass, … the prophet hath spoken it presumptuously: thou shalt not be afraid of him.” [Deut. 18:22].
Time is running out for 2014 market predictors. So how have they fared? Are prophets good at making profits?
A rough year for hedge funds
At least one sector of the finance world has a disappointing record so far: the hedge
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