When children are in such a funk they reject everything, it’s useless offering more options. Burgers, pizza, sushi? No, no, no! The only way out is to flip the onus. OK, tell me what you want.
Heads explode. Being forced to give a positive answer instead of dismissing all and sundry is a challenge. And one I’m embarrassed to say it’s time to set myself. I’ve spent decades arguing that not much matters for investors. So what does, eh?
I’ve been pondering this again recently as another war comes and goes without huge repercussions for returns. Sure, oil traders have wet themselves. But for the rest of us — so far — it’s the same downy uppity as ever.
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