Goldman Sachs resets bets on US economy in 2026

Warren Buffett quipped in Berkshire Hathaway's 1992 shareholders letter that, "We've long felt that the only value of stock forecasters is to make fortune tellers look good." He has a point. History may rhyme, but rarely repeats, to paraphrase Twain. If I've learned anything over the past 30 years tracking the markets professionally, it's that the market has a knack for making prognosticators look foolish. The simple reality is that we, as investors, often fall victim to biases, and these biases frequent ...