We were certain the way to beat average returns was through hedge funds.
We knew who was going to win this election.
Hollywood Golden Couple Angelina and Brad would grow old together like Bogie and Bacall.
That kind of absolute certainty gives way to the lawyerly phrase "That Depends." Ask four lawyers if Nick Denton's appeal of "Hogan v Gawker" will work. If they are worth their salt, they will answer, "That depends."
Ask a less grandiose question such as will the jury verdict of $140 million in that litigation be reduced and each will still answer, "That Depends."
The flight away from certainty even has affected the occult. I asked my psychic, usually a yes or no kind of guy, if I would get the ghostwriting contract for a book about X. There was a nanosecond of silence. Then, he answered, "That Depends." He and I then sorted through several variables.
If the current volatility becomes the new usual, "That Depends" could evolve into "I Don't Know." In a school of zen headquartered in Rhode Island, the meditation mantra is: Clear Thinking, Don't Know.
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