Ann: Auckland flooding and financial update, page-8

we can all pretend that we know what is going to happen to a business. In reality, we can at best estimate. With no doubt, it is incredibly frustrating to be a holder of IAG, but there is no doubt that they make more money in a high interest rate environment. So the most foolish thing to do would be to sell now, and hate oneself later. If I remember correctly IaG was $7 by the end of the last rate hike years ago.
let’s see what happens. it is probably worse to think that one knows the future and buy and sell based on that, than to accept the uncertain and embrace it. If it was the first mentioned, we would not be here, because we would all be somewhere far away on a private island