"The best investors are like socialites. They always know where the next party is going to be held. They arrive early and make sure that they depart well before the end, leaving the mob to swill the last tasteless dregs." -- The Economist, 1986 I aggregate an annual surprise list because outlier events (Black Swans) are occurring with greater frequency, uncertainties will persist and the conventional view is often wrong. Markets are never black or white, and the investment mosaic is growing ever more complicated. More ...
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