2022 was a brutal year for almost every asset class. While some forecasters or market gurus got it right (probably by predicting the same thing every year for the past 10 years), almost every Wall Street forecast I've seen got it wrong. But forecasters are skilled at sweeping their bad guesses under the rug. I'll give them that.

![Image upload](https://cdn.commonstock.com/28e1a73e48d3c362701819ee6c5e9f4290910b9f80cc5ed6c78d729711c8b297-1456x930.jpg)

Market and macro forecasts are shiny distractions from what matters in investing. My first post of 2023 is a short reinforcement to focus on what's important and knowable, and to ignore Wall Street and "expert" macro forecasts 👇🏽

[https://luisepazmino.substack.com/p/the-important-and-the-knowable](https://luisepazmino.substack.com/p/the-important-and-the-knowable)

We enjoyed reading this.
Asking yourself "What's Knowable" whenever you're pondering an investment decision can really help separate the signal from the noise.  Too often we're distracted by the noise, and spending too much time obsessing over the predictions of others is counter-productive.  We suffered from this affliction in our first decade of investing.  Now we just ignore the forecasts from the institutions, including those we get emailed from our own bank and broker.  Just click delete.

Jazzi Young

https://luisepazmino.substack.com/p/the-important-and-the-knowable