We can’t predict the future. Instead, we aim to create portfolios that are positioned for a range of market outcomes.

We can’t predict the future. Instead, we aim to create portfolios that are positioned for a range of market outcomes.
The probability of recession is high. For companies and portfolios, what does it mean to be positioned defensively?
History suggests a useful upgrade to the axiom might be “Fortune favours… the prudently bold.” Examples of measured risk taking.
Applying Sir Winston Churchill’s concept of “corkscrew thinkers” – people who were unafraid to think and act differently than others – to investing.