Looking back and looking ahead

A summary of 2014:

Investing in 2014: New Lamps for Old Lamps

A summary of 2015:

I haven’t done it yet. (Time permitting)

An outlook for 2016 from Mohamed El-Erian:

Markets outlook 2016: Divergence is key for investors

These divergences have several effects from an investment perspective. First, they make correlations among asset classes less stable and more unpredictable, thus reducing the risk mitigation power of diversified portfolios. Second, they expose portfolios to volatility spikes that can trigger pro-cyclical investor reactions that often deepen losses. Third, they limit the return potential of most asset classes. Indeed, all three factors have already been visible at times in 2015.

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