J.K Galbraith’s comment has always seemed to me possibly the most egregiously misused quote in financial markets. It is seemingly a statement of the obvious, but what it is surely saying is that the future is inherently uncertain. To state that markets are discounting mechanisms is also not controversial, because it is making the same point. Nobody knows the future, not even readers of trustintelligence.co.uk, by definition the brightest and most discerning segment of society (and probably the b ....
30 Jun 2020
Oh the humanity...
Ruffer Investment Co. Ltd. (RICA:LON), 271 | Dunedin Income Growth Investment Trust PLC (DIG:LON), 277 | Dunedin Income Growth Investment Trust PLC (DIG:LON), 277 | Manchester & London Investment Trust PLC (MNL:LON), 0 | Blackrock World Mining Trust PLC (BRWM:LON), 564 | Blackrock World Mining Trust PLC (BRWM:LON), 564 | Keystone Positive Change Investment Trust plc GBP (KPC:LON), 0 | Ruffer Investment Co. Ltd. (RICA:LON), 271
Oh the humanity...
Ruffer Investment Co. Ltd. (RICA:LON), 271 | Dunedin Income Growth Investment Trust PLC (DIG:LON), 277 | Dunedin Income Growth Investment Trust PLC (DIG:LON), 277 | Manchester & London Investment Trust PLC (MNL:LON), 0 | Blackrock World Mining Trust PLC (BRWM:LON), 564 | Blackrock World Mining Trust PLC (BRWM:LON), 564 | Keystone Positive Change Investment Trust plc GBP (KPC:LON), 0 | Ruffer Investment Co. Ltd. (RICA:LON), 271
- Published:
30 Jun 2020 -
Author:
Callum Stokeld -
Pages:
8
J.K Galbraith’s comment has always seemed to me possibly the most egregiously misused quote in financial markets. It is seemingly a statement of the obvious, but what it is surely saying is that the future is inherently uncertain. To state that markets are discounting mechanisms is also not controversial, because it is making the same point. Nobody knows the future, not even readers of trustintelligence.co.uk, by definition the brightest and most discerning segment of society (and probably the b ....