Tom Boyle   Fund Manager The past few years have delivered investors a hard truth: the market does not owe anybody a smooth ride when it comes to investing. The stable period of the 2010s – stable inflation, central banks with seemingly unlimited balance sheets, and muted political volatility – has been replaced by health scares, supply-chain breakdowns, geopolitical instability, inflation, and structural changes in the way we seek liquidity. All these together have collided