One of my very favorite financial writers is John Dizard, who pens a weekly column in the Financial Times. His latest piece reviews his FT columns over the past year, and discusses what he got right and wrong:
While this column, along with the rest of the Financial Times, holds itself out as commentary rather than financial advice, I find it useful, and chastening, to review how my analysis and uninformed guesses look in retrospect. The past year’s events and market direction have made my columns, as well as my readers’ bonus payments, come out better than they might have.
In our more delusional and self congratulatory moments, we credit our genius and foresight. More reasonably, the entire professional financial community, and the journalists who depend on their subscription and advertising dollars, should give a tip of the hat to the world’s central bankers and finance officials. Once again they have brought us, if not much of the general public and workforce, through what could have been a challenging year.
If you can access FT.com, the entire thing is worth your time. As is every column Dizard writes.