# Professor Aswath Damodaran explains why he believes commodity price forecasting is not useful

1 Faculty News December 15, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2015-12-15/why-forecasting-commodity-prices-may-be-pointless) -- "I think part of the reason we use forecasts \[is that\] it makes us feel better. I think that's basically it. It's like comfort food. You know it doesn't work, but you still listen to it. It's great storytelling."

[Watch the video](http://www.bloomberg.com/news/videos/2015-12-15/why-forecasting-commodity-prices-may-be-pointless)