The Great Gift of Uncertainty

by PlanMaestro

Continuing with the short posts until I finally manage to transition to the new laptop. Peter Bernstein’s “The Great Gift of Uncertainty” describes the views on risk and uncertainty of two stubborn economists with strong ideas about almost everything, usually on opposite sides of the argument, that had to live in very uncertain times. And I think it is a good reminder that traditional value guidelines like cheapness, quality or downside protection are probably better compasses that inflationary and deflationary macro views that change with each new piece of information.

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