Indeed, outcome 2) proved correct and it became necessary to remind these clients of the parallels between poker and investing. The Middle East, as we’re all aware, is a volatile region prone to more consistent turmoil over past 75 years than any other region of the world. Somehow, The Middle East finds a way to limp its way through each and every crisis, and investors have learned to live with the region’s almost never-ending cycle of threats, escalation, and—eventually—tense calm. Outcomes are always unknown, especially in a region a volatile as The Middle East, so why make a wager as if they are known? Finally, let’s consider the totality of the poker room, or put another way, the totality of global financial markets.

Source: CBC News October 12, 2024 20:02 UTC