Before the US presidential election, most of the polls predicted a comfortable victory for President-elect Joe Biden. But instead, the race came down to one or two percentage points in a handful of states. Incorrect predictions can have significant consequences. This is particularly true for investors who make decisions based on market predictions. Braam Visser, business analyst, Allan Gray, discusses the danger of using predictions to make investment decisions and the merits of committing to a long-term approach.

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