Doing a 180° on Financial Forecasts You have to scramble pretty fast to stay ahead of the punditocracy. Given how utterly they (it?) miscalled the election, what can you expect the most nimble prognosticators to do now? A quick 180°. So, get ready for a succession of headlines blaring: “Coming Soon: The Trump Boom!” “Cashing...Read More
2016 Presidential Election Aftermath Investors just got handed a classic lesson in not trying to anticipate “macro” events like elections: –Number of experts predicting Trump win: < 10 (anywhere on the planet. Maybe). –Number of experts predicting markets would go UP after Trump win: 0. Of course, it’s too soon to know whether markets will...Read More
New Inspection Contingency Timetable for Minnesota Home Buyers, Sellers [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] The answer to the question, “when does 5+2+1 = 10?,” is, “when...Read More
