HedgeFund
Lessons Learned In 2020
Timely Thoughts And Musing On The Financial Markets.
“The question I am most frequently asked so far in 2021 has been “what lessons were learned in 2020?”
Because of the shock and despair of 2020, the conversation can go in many directions but when it comes to what lessons were learned about the forecasting of markets, there are two things that stand out to me. The first being that there are many potential outcomes that are missed on the probability distribution. The second lesson is that we are in uncharted experimental territory as it relates to a monetary and fiscal policy, so history may be an inadequate guide to forecast the future.
The second lesson is worth unpacking…”
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