Bond yields and geopolitics: two challenges for investors

Bond yields and geopolitics are ever present for investors. But that brings its own challenges, as it can often be difficult for us to recognise things that surround us and shape our thinking to the point where they go unremarked. There is an old parable repeated by David Foster Wallace in Infinite Jest, which, in his version, goes something like the following: two young fish are swimming along and run into an older fish. “Morning, boys. How's the water?” asks the older fish. The you