With 2024 being an election year for almost half the world’s population, including South Africa, the US and the UK, many investors are worried about what the future holds and how it will affect their wealth. But the times we live in will always be uncertain, according to Allan Gray’s Tim Acker and New York Times bestselling author Morgan Housel, speaking on the sidelines of a recent Allan Gray investment event. The trick, they claim, is to remember many of the behavioural biases that erode wealth during periods of heightened risk. We can improve our long-term investment outcomes by focusing our efforts on the things that stay the same, rather than the variables that are out of our control.

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