{"version":"1.0","provider_name":"Baron & Grant - Professional","provider_url":"https:\/\/baronandgrant.com\/professional","author_name":"Tom Poynton","author_url":"https:\/\/baronandgrant.com\/professional\/blog\/author\/tom-poynton\/","title":"Forecasting folly - Baron & Grant - Professional","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"Br0iV7Ywow\"><a href=\"https:\/\/baronandgrant.com\/professional\/blog\/2023\/08\/09\/forecasting-folly\/\">Forecasting folly<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/baronandgrant.com\/professional\/blog\/2023\/08\/09\/forecasting-folly\/embed\/#?secret=Br0iV7Ywow\" width=\"600\" height=\"338\" title=\"&#8220;Forecasting folly&#8221; &#8212; Baron &amp; Grant - Professional\" data-secret=\"Br0iV7Ywow\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/baronandgrant.com\/professional\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","thumbnail_url":"https:\/\/baronandgrant.com\/professional\/wp-content\/uploads\/sites\/5\/2020\/11\/JCB-Investors-Chronicle-Column.png","thumbnail_width":1080,"thumbnail_height":1080,"description":"The columns \u2018Darkest before the dawn?\u2019 (21 April 2023) and \u2018Tilting towards the storm\u2019 (12 May 2023) suggest discounts are attractive and market sentiment is poor relative to outlook - this not being helped by erroneous yet influential economic forecasts from various financial institutions. In part because the reality is different and because much uncertainty has been baked into market prices, our portfolios have been gradually pivoting towards equities in recent months and away from a more defensive positioning \u2013 a positioning which has compensated somewhat for discounts having widened significantly during the last couple of years."}