Technology, geopolitics, COVID-19 vaccines, and a new approach to monetary policy…let’s just say the next decade seems likely to be vastly different from the one gone by. In this episode, Ron talks to Steve Wreford, a Managing Director and Portfolio Manager/Analyst on our Global Thematic strategies, about why investors tend to throw up their hands at major long-tail risks, why downside risk gets more attention than upside risk, and how the response to the global financial crisis may have inadvertently created the conditions for the coming decade’s single biggest threat to financial markets.