Word: predictible
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...center of India's boom, his fund doesn't own a single Indian stock. "People are paying ridiculous prices on promises of the future," he says. As Wadhwaney sees it, "the future is an imponderable. Most people's prognostications are a very poor use of time." Nobody can reliably predict which way the stock market will move or what a company's earnings will be, he argues, so the key is to focus on the present, appraising a company's existing assets and buying the stock only if those assets seem to be grossly undervalued. Typically, he then holds...
...sense that future generations will find same-sex marriage less controversial—which polls have tended to support—hovers in the background among supporters, while they also predict short-term fluctuations...
...lawmakers dismiss Romney’s concern, and predict that the bill will be back on Romney’s desk before long...
...Yale should probably keep its eyes open and beware. This is likely only the conclusion of the first, more moderate stage of the Revolution. They say that the past is the best predictor of the future—and if history is any indicator, we can predict Handsome Dan XVI’s imminent decapitation and the eventual fall of the ancien regime. After all, they also say that those who don’t know their history are doomed to repeat it—and who at Yale knows anything...
...after his 21-year break from government, some predict a return to the nation’s capital may be in store for the 65-year-old economist. Experts say Feldstein—an economic superstar who has gained international respect for his bedrock ideas in academia and policy—is one of three top candidates for the chairmanship of the Federal Reserve...