Comment by rupert1234
6 years ago
This is wrong. Just spend some time in finance, then spend some time in a field which is closer to a hard science and you'll realize it. As an example, most theories in physics are pretty darn good - ie you can use them to predict the outcome of something. Most theories in finance and economics are pretty darn bad - ie you can't use them to do anything useful.
This!
There is a joke that goes like this: Economist is the one that will tell you tomorrow why their prediction was wrong yesterday!