Author: Olegs Jemeljanovs, PhD, CFA

When I started my career in the investment industry, I used to read annual outlooks released by leading investment banks and asset managers with a delay of two to three months. It was much more exciting than reading science fiction: a fascinating flight of ideas on the part of analysts and strategists that had so little to do with the real state of affairs a couple of months later. “…man proposes, but God disposes…,” as they say. And yet, you should read those outlooks in order to broaden your horizon of thinking beyond the obvious, while the ultimate decision should…