'How Will Equity Markets Perform in 2024?'

Latest article from Joe Wiggins titled 'How Will Equity Markets Perform in 2024?' is a must read for any behavioural investor.

Joe talks about "the pervasive culture of forecasting the unforecastable perpetuates damaging investor behaviour". The natural instinct for anyone involved in financial markets is to actually make a prediction, such as "The FTSE will be 8,000 by end of 2024, etc". This is especially pervasive when talking to potential clients and anyone "not in the industry" in order to seem knowledgable.
My advice to anyone who engages with someone who is making these predictions is to ask the person for their level of confidence in said forecast. If the number seems unreasonably high, ask the person to make a bet on it. Turning an opinion into a bet with a monetary value attached should make the person examine their statement more objectively (as noted by Annie Duke). Watch the revision downwards!