In their defense, predicting World Cup matches is proving difficult for everyone in the financial community.
Bloomberg held a contest to predict the World Cup and more than 26,000 people entered. After the first 11 games only one person had correctly predicted all the results — the managing director of quantitative strategy from BNP Paribas. Early predictions of his genius may have been premature as his run of perfection was busted when he picked Portugal to win today’s first game.
And for the masses who love to hate Goldman Sachs, their highly-touted model has only predicted 4 of 12 matches correctly and is in the bottom 10% of the contest.
The ForexLive team sits respectably in 4,776th place but we hope to move up with a draw in the Iran-Nigeria game and a USA win.
