As much as things change, they also stay the same
Over almost 3 decades of managing client investments, it is undeniable that our industry has become increasingly sophisticated – asset management has always attracted the smartest people, but these days, new comers have education that is acutely investments specific and they are armed with more technology. Yet, experience cannot be substituted for, and in this video, we highlight past stock market dislocations and their underlying causes. These are elaborated on in the article, "As much as things change, they also stay the same" which is found in our Q3 2023 market report. The common denominators driving short-term pricing are greed and fear and we question whether this will ever change.