If you consume financial commentary, and you clearly do, then at the very least you should
remain sceptical as to the inherent bias of your sources.
Suzanne Massie, an expert on Russian affairs, taught Ronald Reagan the proverb “Trust, but
verify”. We owe it to ourselves to embrace this philosophy in all our dealings with the media
– especially those which touch on the sanctity, preservation and growth of our material
The most insightful book I have read this year is Yuval Noah Harari’s Sapiens: A Brief
History of Humankind. One of Harari’s key points, and the one that leapt out at me, was
that pretty much everything we take for granted about our modern culture and society is
And the same argument holds for our financial markets. Much of what we invest in – in
every sense of the word – has little or no real substance. It is a triumph of narrative.
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