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Can you guess what this represents? This table illustrates 20 years of annual equity returns for developed markets. Each color represents a different country. Each column is sorted top down, from the highest-performing country to the lowest. Here’s how the colors match to the countries: Why is this important? Pick a color in the first column and follow it through to the right. Does any country seem to follow a pattern that gives clues about its future performance? Not at all. But that won’t stop us from trying to find one. It’s in our blood. Psychologists call it the “Gambler’s …