David Jane: Investment lessons from the World Cup so far

The World Cup has so far confounded the experts during many games so might there be some lessons for investment we can learn from such events? Having seen many of the large, historically successful countries fall to supposedly weaker opponents, the key lesson is carefully to consider all possible outcomes rather than apply a high degree of certainty to your preferred or expected outcome. The odds of an underdog winning a football match are much higher than we believe - just as the chances of an investment view coming right precisely as you expect are much less than your instincts lead yo...