The Times They Are A-Changin’

As those of you who have read previous columns of mine will know, I belong to what one may call the “old-school, buy-and-hold” wing of the individual investor persuasion, taking the view that following the latest fad, or trading frequently is a ultimately a “mug’s game”, which merely enriches the intermediaries, or the so-called “professionals”. However, coupled with that is the fact that I have been a risk manager for more decades than I now...