"Populist promises to reverse every tough decision are nothing but empty rhetoric, irresponsible leadership, and bad politics. They are not the solution to Ireland's problems." - Enda Kenny
Never have I ever seen so much conviction over how the future will play out under President-elect Trump ("massive bull market ahead!"). Well, actually that's not true. The last time people were so sure about what would happen if Trump won was before he actually won ("armageddon!").
To me, last year was a perfect reminder of how nobody knows a thing about tomorrow. Pundits and analysts appear on air and confidently project with certainty what's to come. Too bad the evidence shows that pretty much no one gets it right. That's okay, though. An investor doesn't need to know the future. All an investor needs to do is get a rough sense of where conviction is highest about that uncertain future. If… Read More …