Louis Pasteur once said: ‘Chance favours the prepared mind.’
I love this quote because it reinforces something I’ve always believed. No one has a crystal ball. Predicting the future with any degree of accuracy is tough. That’s why the economists keep getting their forecasts wrong.
So, as rational investors, I think we have to rely on the next best thing: keeping an open mind. It’s about being ready. It’s about being flexible.
Source: Image by Walkerssk from Pixabay
Being prepared is important because we live in a pretty hectic world right now. The headlines can move fast:
- Just over seven months ago, I was looking at a country that had long been ignored. Unloved. Written off as financial poison.
- But I found myself wondering: Was the negativity overdone? And if so, was a turnaround in sentiment already happening?
- Since then, this country’s stock market has continued to defy the sceptics, exploding upwards by over 70%. This growth engine has gone from zero to hero in a remarkably short period of time.
- So, right now, here’s the trillion-dollar question: Is there more gas left in the tank for this bull run? Or is it already overstretched and in danger of flaming out?
- I feel the need to revisit my original analysis and see whether it still holds up…
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