The Editor 

Chaos theory

John Hughman

Chaos theory

Being an investor is a tough gig at the best of times. It is a task that in essence is asking the impossible every day – to make a decision based on a future that is entirely unknowable. We can make best guesses about what we think may happen, but those guesses may be wrong, for a myriad of reasons and often through barely any fault of our own. Our biases may get in the way and lead us down blind alleys – we are only human beings, after all. The information we have based them on may be faulty, or incomplete, or we have been so overloaded with it that it becomes all but impossible to synthesise it into a clear view. Or, as we have all recently experienced, something like Covid-19 comes along that simply blindsides us and renders all the efforts we have put into thinking ahead redundant.

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