Investing vs. Speculating - Separating the Crystal Clear from the Crystal Ball. By Laetitia Peterson and Patrick Fogarty.


Every year they appear, almost as if on cue. The prognosticators. The industry “experts” with self-proclaimed powers of prescience. Able to forecast the future of the markets, pick the right stocks and “beat the market”. Yet despite this confidence, year after year they scurry back to their mahogany clad offices, tail between their legs, carrying the broken shards of their once shimmering crystal balls.

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This article featured in the April 2019 issue of At the Bar, the magazine of the New Zealand Bar Association.