PT  - JOURNAL ARTICLE
AU  - Anne Shumadine
TI  - Anticipating the Future
AID  - 10.3905/jwm.2005.598424
DP  - 2005 Oct 31
TA  - The Journal of Wealth Management
PG  - 77--80
VI  - 8
IP  - 3
4099  - https://pm-research.com/content/8/3/77.short
4100  - https://pm-research.com/content/8/3/77.full
AB  - Starting with the observation that unexpected events offer opportunities for investment gain—and loss—the author suggests a scenario-planning approach that encourages investors to consider the unexpected. When incorporated as part of the investment process, scenario planning increases the likelihood that decisions made today will continue to be valid for the future. This article thus gives an overview of scenario planning and its possible application to the process of investing. The author first provides an example of possible scenarios out in the future and then, having defined scenario planning, discusses how that process would cause one to envisage a portfolio differently. Having suggested four possible guidelines to allow users to benefit from the approach, the author concludes that scenario planning is a powerful tool for thinking about the future as it enforces a long-term view and changes the focus of discussion.