Byron Wien's Reveals Top 10 Predictions: Expects Stocks To Decline After Predicting 15% Rise In 2015
Each year for the past three decades Blackstone's Vice Chairman of Multi-Asset Investing Byron R. Wien presents his top 10 "surprises" for the upcoming 12 months.
What constitutes a "surprise", you ask? A surprise is "an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is 'probable,' having a better than 50% likelihood of happening." Last year's list included a few predictions that didn't exactly pan out including: