“Your path you must decide.” Yoda According to legendary investor Sir John Templeton, the four most costly words in the annals of investing are “this time is different” (1933). The lesson being that economic cycles and history often repeat, or at least rhyme. But given our current pandemic predicament, investors can be forgiven for thinking those four dangerous words. […]
Extrapolate This! | November 2020
“Extrapolating from the statistical growth of the legal profession, by the year 2035 every single person in the United States will be a lawyer, including newborn infants.” Michael Crichton – State of Fear One of the favourite tools of forecasters and prognosticators is extrapolation: the art of taking an existing trend and extending it into […]