View the article online at http://citywire.co.uk/wealth-manager/article/a746259
Stewart Cowley: the extraction of wisdom
by Stewart Cowley on Apr 14, 2014 at 14:30
But this should be seen as part of the process of 'early movers' acting on the markets rather than the emergence of wholesale money flows – that could be yet to come.
Unfortunately, we now work in a market system that – despite our best efforts to finesse it – behaves in a coarse and uncouth way, indiscriminately sending prices higher or lower to an extent that you feel like a helpless passenger commentating on a car crash rather than a careful driver steering a considered course.
And it doesn’t take much of a shift in perceptions to set off a new and powerful trend.
You could say that whilst I have had my wisdom extracted, Mr Draghi may have just implanted a new wisdom into the markets that will dictate our investment taste sensations in 2014.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.
More about this:
Look up the funds
Look up the fund managers
On the road
on Jul 29, 2014 at 13:10