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Podcast: The Voice of Insurance
Episode: Sp Ep Beazley Predictions: Exploring the risks shaping 2026 and beyond
Description: When the well-known banker J.P. Morgan was asked by a reporter to predict the future of the stock market, he gave this now-famous three-word reply: “It will fluctuate”.
Here was someone wise enough to know that making predictions is a hazardous occupation at the best of times, and doubly so if those predictions relate to often fragile and volatile financial markets.
But what the evasive and inscrutable Mr Morgan perhaps failed to realise is that the thought process required to produce a prediction is a very valuable exercise in and of itself. After all, you can only...