26 January, 2015
Wild Rides or Wild Guesses
The one constant in economics and the performance of markets, is change. Although it is something of a truism, the only thing surely predictable about the global economy is that it is inherently unpredictable.
Here, Jim Parker, Vice President at Dimensional, provides his views on how volatile 2014 really was, and compares that with a few of the backward looking forward statements that some market commentators are busy making, in order to cover the fact that a year ago their guesses were different.
When the only certainty is uncertainty it makes no sense to try to 'out plan' the market - all one can do is design a portfolio that will capture growth when it comes, and won't hurt more than you can stand when it doesn't.
Download the PDF >>>
by John Stirling