With 2024 rapidly coming to a close, it is time to look ahead to 2025 and beyond. As every investment professional knows - or should know - forecasting is really about marketing, not investing. In a world where Volatility, Uncertainty, Complexity, and Ambiguity are ever-present and ever-changing, the act of investing is about assessing probabilities and payoffs, not trying to predict what will happen. Peter Drucker (in my view, one of the greatest thinkers of the 20th century) argued throughout his life that the secret to success in business - or ind...