The benefit of hindsight

If we had asked 100 economists, actuaries or other such professionals what their expectations were for 2008 we might expect a wide ranging set of views, but how many would've been anywhere near accurate? One thing is for sure though - there is considerable uncertainty and we have experienced the downfall of many brands that couldn't have been predicted. If there was the opportunity to protect against these events from occurring you can be sure these would now be seen as the most valued form of protection for society. Hindsight, though, does not help us fix the problems we now see as a...