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Beware of experts bearing forecasts

from CFA Institute Enterprising Investor

Mark Armbruster writes: I read another article recently that warned of an impending market downturn and cited Nobel laureate Robert J. Shiller. Such pieces are ubiquitous these days and Shiller quotes and interviews often feature prominently. Shiller is a brilliant economist and academic whose contributions to the canon are well known. His accomplishments have been truly remarkable. more

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