Q2 Portfolio Commentary

‘If you’ve followed my forecasts, you’ve probably lost a lot of money’ – James Bullard, St. Louis Federal Reserve President

Last month, pro hockey’s annual selection of junior and collegiate players was held / Britons voted to either re-embrace or cast off their 43 year membership in the European Union……

So what can we take from these two episodes?  First, forecasting is very difficult, regardless of the subject matter. Second, it’s human nature to crave certainty and to be drawn to those who appear to provide it, even when our rational selves know that the definitiveness on offer is rarely possible.

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