The Value Perspective: Why the 'US presidential cycle' no longer works

As America heads to the polls today, you will of course be seeing no forecast from The Value Perspective as to who the 45th President of the United States will be. As we have argued in blogs such as Brexit's double illustration, no expert can predict the future - and, as we shall see, that includes no expert being able to predict when another expert is going to change their mind about predicting the future. When the highly regarded Financial Times columnist John Authers decided to write a piece last month entitled How it pays for investors to get timing right on US presidents, he presuma...