Navigating the unpredictability of everything
- Article
- Mar 19, 2023
- #Predictionmarket #Economics #Strategy
Article

Analysts at Goldman Sachs spend their whole life learning advanced mathematics, building sophisticated models of complex corners of the world, and are financially incentivized to predict the future accurately, because Goldman Sachs makes billions of dollars if they can be 10% more correct than the ne...
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- May 25, 2023
by Concoda 🥷 -
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- May 21, 2023
Analysts at Goldman Sachs spend their whole life learning advanced mathematics, building sophisticated models of complex corners of the world, and are financially incentivized to predict the future accurately, because Goldman Sachs makes billions of dollars if they can be 10% more correct than the next firm (who also employs brilliant analysts).
So, how accurately did they predict economic metrics within their area of expertise? They got it very wrong, for 25 years, often not even directionally correct: