Markets defy understanding

During a lecture at Yale University, distinguished physicist Ramamurti Shankar offered his students a remarkably honest take on quantum mechanics: "Richard Feynman, one of the big figures in physics, used to say, no one understands quantum mechanics." Then came his delightful punchline: "Right now, I'm the only one who doesn't understand quantum mechanics. In about seven days, all of you will be unable to understand quantum mechanics. Then you can go back and spread your ignorance everywhere else." You can watch it here. This self-deprecating wisdom from a brilliant physicist resonates deeply with investing. Like quantum mechanics, the financial markets operate in ways that often defy intuition and straightforward explanation. Suggested read: Mea culpa investing Scroll through financial news channels, and you'll encounter countless experts who confidently explain market movements with absolute certainty. Even now, in the midst of war, the market is on two different roller coasters simultaneously. These explanations sound plausible until you notice how frequently they contradict one another or get revised as new data emerges. What if we approached investing with the same intellectual honesty as Professor Shankar approaches quantum physic