Maxim #1 Why don’t you like annual targets ?RE : yesterday post .
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Dougie Kass 1m ago
the end of year is a made up point of time
to guess on price on a date in an increasingly volatile backdrop and setting of rapid rotations is a fool’s errand that implies a sense of precision impossible to achieve
it is a question, not surprisingly, asked on fin tv in which a complicated mosaic is reduced to a overly simplistic condition.- to appeal to viewers.
price targets should be in ranges and presented based on pessimistic, base case and optimistic assumptions – and to then attach probabilities associated to each scenario
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