A famed American investor who over the two decades from 1980 handed his clients average returns of 25% a year. By 1998 he was overseeing $21bn. His fund determinedly avoided the dotcom mania, and withdrawals forced him to close it in March 2000. As it turned out, the NASDAQ bubble had burst just two days earlier.
Politics is the ability to foretell what is going to happen tomorrow, next week, next month and next year. And to have the ability afterwards to explain why it didn't happen.