If you do anything, embrace scenario planning

Vikram Mansharamani  |  Portfolio Construction Forum  |  24 August 2023 |  0.25 CE

Anyone prognosticating on the future has likely heard the cliches “even a broken clock is right twice a day” and “every now and then a blind squirrel will find a nut”. The primary criticism directed at those who think about the future is that it’s an act of futility. The blunt reality is that accuracy cannot and should not be the criterion upon which to evaluate thinking about the future. Usefulness is a far better standard. Mechanical as it may be, thinking about various scenarios of how the future may unfold has proven to be among the most useful ways to m...

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