JEREMY THOMAS: Investors miss a trick by shunning risk and sticking with ‘old man’ sectors
Big returns await those who get in early on frontier markets as geopolitical power shifts
We love our fortunetellers, those self-appointed prophets who throw up visions that somehow just feel right. They might be totally wrong in the long run, but often we’ll take any kind of reassurance we can get.
From Toffler to Taleb, Gladwell to Roubini, the futurists observe the fulcrum on which the world teeters, then extrapolate wildly to predict where it’ll tilt. Their guesses may end up way off course, but we commoners gain a sort of satisfaction that at least someone presumes to know what’s going on. Unfortunately, for anyone searching for investment ideas, the conclusion reached by the sages is almost uniformly banal: expect the unexpected.