The Pandemic and Forecasting Errors

Howr: Pandemic was a watershed moment in the pandemic where things went from what you would describe as complete hopelessness, to people saying it's probably goine up from here. He says investment decisions are not governed by mackerel forecasts. It's very hard to forecast the future better than anybody else,. Most of the time, the future looks like the past. And then we have the one off events, which are very difficult see. Howr: There are these things in the investment world which, if they happen, will have disastrous consequences. But we don't think they're very likely. What do we do about them? We can't spend a lot of money ins