Living with doubt and uncertainty
“I can live with doubt and uncertainty and not knowing. I think it's much more interesting to live not knowing than to have answers which might be wrong.
I have approximate answers and possible beliefs and different degrees of certainty about different things, but I am not absolutely sure of anything and there are many things I don't know anything about, such as whether it means anything to ask why we're here.
I might think about it a little bit and if I can't figure it out, then I go on to something else, but I don't have to know an answer, I don't feel frightened not knowing things"
- Richard Feynman, (1918-1988) was one of the great scientists and physicists of our time, truly one of the great minds of humanity.
We all need Feynman's spirit to navigate current financial market. There are too many variables at play, the global financial markets have become more interconnected and complex.
We are experiencing high inflation, higher interest rates, inverted yield curve, low unemployment, potential recession, volatile currency market, once in a generation bear market in bonds, whipsawing bear market in equities, trade wars, real wars, de-globalisation, tax cuts, energy crisis, food crisis, uncertain commodities markets and widening economic inequality.
Nobody currently working in the financial institution have experienced anything like this, high inflation of 70's was a distant history lesson narrated by our ancestors. Add internet to the mix, we have a perfect storm.
We all need humility, nothing can be taken for granted, some long held correlation are bound to break, history will be rewritten.
We all have front row seat, just fasten your seat belt, sit back and just watch the show.
Views are personal and certainly not an investment advice.
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