Readers may recall that as part of the RIT Capital Partners 2014 annual report commentary, the scion of Rothschild family warned that "the geopolitical situation is most dangerous since WWII." One year later, Jacob Rothschild again warned about the outcome of "what is surely the greatest experiment in monetary policy in the history of the world", and then again in August 2017 he cautioned that "share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured."
Little did he know that they were only going to keep rising, but related to that, he also made another warning which the market has so far blissfully ignored:
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