Yes, but in a broadly stable market, how do you create your foresight? I look to the past for future inspiration, while keeping in mind that going too far back into the past is also getting distant from today's (and tomorrow's) reality. Five years is about the shortest company history I am comfortable with if I am looking for a track record. With some companies, I look at records going ten years back. With ANZ, given the Basel 3 capitalisation requirements in force today, my judgement is that going back any further than five years in the record might not be representative of 'the modern banking environment'.Originally Posted by percy
Some brokers just take last year's result for any company and add a fudge factor and call that a forecast.
If you have a better 'forward looking system', then let's hear what it is!
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