Thanks to L. K. Benson for sharing with us.
Last January, in our 2022 market commentary, we talked about how the world will never stop surprising us. Yet, despite the surprising nature of the world, our desire to try to predict the future never stops. Every conversation we have about the markets includes a question about what we think will happen next. Usually, that question begins with “I know you can’t predict these things,” but we still can’t stop ourselves from asking for a prediction anyway!
This doesn’t just happen in the markets. In sports, people spend hours trying to predict who will win the next big game or the next championship. Every election year, there is endless commentary and polls trying to predict who will be elected...
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