Doubt is not pleasant, but certainty is absurd | Signals and Noise, August 28

Aug 28, 2026

This week's Signals & Noise is up, built around a line from Voltaire: "Doubt is not a pleasant condition, but certainty is absurd."

We look at why getting comfortable with uncertainty is the actual skill in investing, not chasing a forecast. Also in this issue: a rare, detailed note from a member working inside private lending on how opaque that corner of the credit market really is, and why we think cheap markets beat expensive ones over time.

Read the full free issue here, then catch Episode 149 of the podcast, where Steve, Jacob and Tom cover the shifting global order and why Australian property isn't coming back anytime soon.

Steve, Tom & Jacob The TMM Team

This email is for informational purposes only and does not constitute financial advice. Total Money Management | AFSL 568642

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Doubt is not pleasant, but certainty is absurd | Signals and Noise, August 28

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