When regime change occurs, the greatest risk for any investor is to get all the right answers to all the wrong questions, because the questions that worked for the last 40 years are likely the wrong questions for the next 5-20 years as the structure of the system changes.
normativepending
Speaker
Russell NapierEvidence Quote
“we keep asking the same questions and we keep getting the right answers to those questions but the markets don't deliver what we thought would happen. And that's telling us that what is actually happening is we're asking the wrong questions.”
Created: 6/18/2026, 1:59:14 PM
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