How are you coping with President Trump? Depending on where you get your news, the transition to the Trump administration will be portrayed as great or horrific. Regardless of any bias, there is one constant. Things are moving at a breakneck speed. This is apparently going to continue. The Trump team is dismantling and remodelling a system they believe is wasteful, inefficient, and has the wrong priorities. Others may disagree, but whoever has control sets the policy agenda. Some things being done seem quite sensible. Trying to eliminate waste and nonsense is one. Trump supporters have pulled out old videos…

What’s the easiest assumption you can make about the future? Assuming what’s just happened will continue to happen. It was only a couple of years ago we thought we’d seen the back of a certain US President forever! It’s a handy reminder about extrapolation or recency bias on anything. Politics exists on a pendulum. Things swing back and forth. It’s generally the incumbent party’s power to lose. Be that through incompetence, hubris, or staleness. Power then shifts back to the other side of politics. With investing or business, things are always moving forward. Not side to side. The analogy might…