Of foxes, hedgehogs and the art of financial forecasting – FT.com
The fantastic Mr Fox is on course for another famous victory. FT Money has a tradition of holding a year-end competition to forecast some key financial indicator, and easily the most distinctive competitor is a fox in the garden of the columnist Kevin Goldstein-Jackson, who gives his forecasts by consuming one of a variety of appropriately labelled pieces of chicken. (I refer not to Mr Goldstein-Jackson but to the fox.)
If the method is quirky, there’s no arguing with the results: the fox was the most accurate forecaster in 2008 and 2009 and, barring a year-end rally, the fox will win again in 2011. Such repeated success is an outstanding achievement against fields of about a dozen rivals.