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The Wisdom of Great Investors: Part 6 of 6- Disregard short term forecasts and predictions

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

John Kenneth Galbraith (1908–2006) was a North American economist who taught at Harvard for many years.

He wrote a number of book with his most famous works being the popular trilogy on economics, American Capitalism published in 1936, The Affluent Society published in 1958 and The New Industrial State published in 1967.

John Kenneth Galbraith is quoted as saying that…“The function of economic forecasting is to make astrology look respectable.”

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