Random Nature

It's been a long time since I wrote my last post. I've been settling in at a new job, wrapping my mind around a whole new area, and getting life back on track after the last year of study. There has been a lot of changes in the markets since my last post (obviously) so it's interesting to reflect back on what has been happening and what it really shows. It turns out that even the main man, Warren E. Buffett, has made some bad calls. Undoubtedly he is still the king but it goes to show the random nature of the world we live in and how little we really know of what we are dealing with. Certainly, what is quite clear from all of this is that we have an incomplete understanding of randomness and its role in investment returns. Food for thought.