It is a famous quote from John Maynard Keynes that in the long run we are all dead...... the skill in investing, politics, is being able to separate the long run from the short run.
Detecting the long run tendencies is easier than predicting when they will have an impact. You could argue the revival of Asia began at the start of the 2oth century, when Japan beat the Russians in a small war, yet the West is still dominant in so many areas.. when will the East really gain dominance?
The American trade deficit has been at high levels for many years yet, the world just carries on, and it doesn't seem to matter, when will it matter? When will Americans finally begin paying back their IOU to the world, and will I be alive so will it matter me?
Our lives are so short yet trends, the currents of the world are much deeper and take far longer to work themselves out...
Will the environment effect my life significantly or will it be my children/childrens...
It is just 400 generations since people were drawing on cave walls.... trying to communicate with us....... and 400 generations later we aren't sure what they were trying to tell us.
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