John Looby’s latest column, reflecting on the challenges of managing a pension pot in the current atmosphere of heightened volatility, made a lot of sense to me. Looking away from short-term market swings and avoiding the dumb-money effect of trying to beat unpredictable movements is a no-brainer when investing for the long term – decades in the case of a pension. His approach focuses on the assets an investor already owns – resisting the urge to sell – and is well worth a read.  Then one paragraph in John’s piece gave me pause for thought. “Since the dawn of the…

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