To quote Joshua M Brown ‘The Reformed Broker’ “even if you knew what the future data would be, you’d still not be able to predict how people would react to it...... Markets are people. The future actions of people cannot be determined in advance with anything even approaching precision”
The quality differentiation of securities is and will be increasingly provided by the factoring in of ESG information, possibly smart beta. As General David Petraeus, the former Central Intelligence Agency director now with private equity giant KKR has recently stated:"“Climate issues, social unrest, governance challenges, geopolitical risks - these can all have negative effects on long-term performance if you’re not aware of them and actively mitigate the risks posed by them.”
To quote Joshua M Brown ‘The Reformed Broker’ “even if you knew what the future data would be, you’d still not be able to predict how people would react to it...... Markets are people. The future actions of people cannot be determined in advance with anything even approaching precision”
The quality differentiation of securities is and will be increasingly provided by the factoring in of ESG information, possibly smart beta. As General David Petraeus, the former Central Intelligence Agency director now with private equity giant KKR has recently stated:"“Climate issues, social unrest, governance challenges, geopolitical risks - these can all have negative effects on long-term performance if you’re not aware of them and actively mitigate the risks posed by them.”