Top investors’ stock picks that should weather any political surprises. Almost nothing went the way it was supposed to in 2016. And yet, though many investors were wrong about the U.K.’s Brexit vote and the American presidential election, few ended up disappointed by their portfolios. Just before Thanksgiving, all four major U.S. stock market indexes closed at record highs—the first time that’s happened since 1999. If the year taught investors anything, it’s not to bet on predictions. As John Toohey, head of equities at USAA Investments USAA 0.00% , says of the unexpected outcomes, “You sort of question, ‘Is the market right, are the polls right, on anything?’ ”
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