Let’s talk about the difference between long-term and short-term forecasting. Both are critical to giving you an edge with your financial and business planning. But they’re entirely different beasts, and I explain why in today’s video.
Long-term forecasting is about identifying the fundamental trends that are important to the economy, and then projecting them into the future. And I’ll tell you, it’s easy to do (which I explain in the video, along with why I really do care about the longer-term cycles like the 500-year one)!
Short-term forecasting, on the other hand, isn’t about predictability (like long-term forecasting). Rather, it’s about probability, and that’s why you need an edge.
In fact, that’s one of many reasons why we have Adam O’Dell on our team. He’s probably one of the best short-term market players I’ve ever seen (to be clear, Adam isn’t a long-term forecaster).
Listen to today’s video. I elaborate and explain it all.
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