For all the predictions about the next recession, boom, hot company, hot sector, or hot asset class, the reality is nobody knows anything, at least in the short term. Trying to predict what will happen in the next month, quarter, or year, is a fool’s errand.
John D. Rockefeller, once the richest man in the world, is known to have said “Do you know the only thing that gives me pleasure? It’s to see my dividends coming in”. How should we view dividends?
In this column, we turn our attention to the recent banking issues seen globally, along with things to keep in mind any time there's a panic. We look at whether these events mean poor returns, the people making predictions, deposit guarantees, and whether you should be concerned.
