Lessons in investing

Lesson 3: How predictable are the markets?

The financial media loves to tell us which way the markets are heading and spot the 'hot tips' they reckon the other pundits have missed. But just how good are they at getting it right? Is it possible to forecast market falls or rises at any one point in time? Or are they inherently unpredictable?

AcuityINSIGHT: The price of innovationArtificial Intelligence (AI) continues to dominate headlines and investor attention in 2025. From chipmakers to software platforms, companies associated with AI are trading at elevated valuations, reflecting high expectations for future growth. But what does this mean for long-term investors? In th

AcuityINSIGHT: Currency risk in portfoliosSo far in 2025, most major currencies have appreciated against the US dollar - from around 5% for the AUD to 17% for the SEK. The GBP has risen nearly 9%, and the EUR is up approximately 12% at the time of writing. This broad-based dollar weakness has brought currency risk back into sharp focus - pa

AcuityUS 'exceptionalism'In this issue, we explore the recent dominance of U.S. equities - particularly the extraordinary performance of the 'Magnificent Seven' tech firms - and assess whether this trend reflects a resilient economic reality or a potentially risky illusion. The analysis highlights how U.S. stocks have signi

Lessons in investing

Lesson 3: How predictable are the markets?

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