The wisdom of stockmarkets

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Baillie Gifford UK Alpha fund's Gerard Callahan.

The remit for this article is to offer the reader insight into the direction of markets over the coming months. Sadly, I don’t have a clue what will happen to the UK stockmarket over such a period.  I’ll stick my neck out and say the UK will probably follow most other major stockmarkets. That’s simply based on history and its international composition.  The trouble is, I have no idea what will happen to those markets either.  Nevertheless, I believe it’s possible to acknowledge the futility of predictions whilst retaining an upbeat view on the long term outlook for equities.  Much ...

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