A very well-respected equity fund manager once said to me that he spent about 10 minutes a day thinking about politics and macroeconomics and that it was 10 minutes “wasted”. Personally, I think that view is wrong.
Thomas Becket of Psigma
Financial markets are extremely volatile, but investors should focus on the opportunities and not be overcome by the pessimism that has swamped the markets, argues Thomas Becket at PSigma.
The last few weeks have been extremely testing for financial markets, once again ruining summer holidays, as fund managers nervously glance at their Blackberries under the disappointed gaze of their families.