An old adage states, “may you live in interesting times”. There is debate about where the saying originated and whether it is a curse or blessing.
Capital market risk is in a heightened state these days. Equity indices are near all-time highs. Interest rates have moved sharply higher in a relatively short period. The economy appears poised for continued expansion on the wings of potentially stimulative fiscal policies from a new administration.
Earlier this year, I was gazing out my window on a calm, drizzling morning, when I was startled by a loud cracking sound. I looked up to see a mature tree tipping and dropping towards the ground, ending up crashing just short of our house...