The World Cup as a Financial Markets Training Course

Many of those involved in the world of financial markets often compare it to sports. Both activities deliver a lot of emotions, both positive and negative. It’s just like in real life where the “white stripe” often alternates with the “black” one. And yet, as human beings, we would strive to ensure that the “white stripe” lasts significantly longer than the “black” one does. Many financial institutions tried to predict the outcome of sports competitions. For example, the investment bank Goldman Sachs were regularly attempting to predict the winner of major football tournaments: the FIFA World Cup and the UEFA…...