Betting on an Extreme Future: Your Saturday Asia Briefing

Predicting the future accurately is the lifeblood of global finance. Yet predictability is becoming harder as old base assumptions about everything from weather events to the political order begin to fray. This week, we look at how to navigate markets when abnormal is the new normal.

What do you do, for example, as an investor when black swans start taking over the pond? Extreme weather events aren’t so extreme any more as heat waves, storms and flooding become more frequent and more enduring. Here’s how stock pickers are trying to find the winners and losers in the storm.