March Madness and Investing…How Good are Your Predictions?

Blog_March_MadnessThis blog was originally published in March 2015 and has been updated.
 
Each year around this time an estimated 50 million of us around the country carve out a few minutes of our day to complete a bracket trying to predict which one of the 64 NCAA Men’s College Basketball teams will win the tournament this year. Guessing which team will win can be a lot of fun, but it’s awfully hard to do!
 
With top seeded teams losing in droves, as seems to happen every year, it quickly becomes apparent just what a fool’s errand predicting can be. After Thursday’s 16 games (March 17), only 25,704 out of the 13 million brackets on ESPN.com were still intact, amounting to just 0.2% of entries. Continue reading

March Madness and Investing…How Good are Your Predictions?

blog_march_madnessSource: ESPN MediaZone. http://espnmediazone.com/us/press-releases/2015/03/barack-etology-president-obamas-mens-bracket-unveiled-espn-exclusive-wednesday/
 
Each year around this time an estimated 50 million of us around the country carve out a few minutes of our day to complete a bracket trying to predict which one of the 64 NCAA Men’s College Basketball teams will win the tournament this year. Guessing which team will win can be a lot of fun, but it’s awfully hard to do! Continue reading