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View the article online at http://citywire.co.uk/wealth-manager/article/a751228

Tim Steer: AO World? More like ‘uh oh’ world

by Robert St George on May 19, 2014 at 11:21

In contrast, Steer points to an instance when social media would have been far more informative to an astute investor. When the Costa Concordia, owned by Carnival, sank in 2012, an avid Tweeter called Captain Greybeard was on board. This authority on the cruise-ship business posted instant updates on the liner listing and the crew’s panic.

He did so through the night in Europe – but at a time when Carnival was still being traded in New York. ‘The key is to find lots of Captain Greybeards,’ advised Steer.

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