Wednesday, March 12, 2025

Uncertainty

 When I was in graduate school, I took an economics class, Decision Making Under Uncertainty.

There is no certainty in the business world.  The best laid plans of mice and men oft go awry.  But, there are ways to minimize uncertainty  Basically, when things don't change.  Stability tends to minimize uncertainty.

Here comes Trump, with a mandate to shake thigs up  Tariffs, border policy, DOGE. Things are changing daily, sometimes hourly, and the market responds. The market hates uncertainty, which is why it so volatile. Those of us who played the long game recall that the DOW was below 1000 until 1972 and didn't crack 10,000 until Microsoft and Intel were listed in 1999.

All that is happening right now is short-term volatility based on uncertainty.  Play the long game and you will be fine.

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