Disparity in markets creates chances for bottom-up stock-pickers
A number of businesses, such as banks and insurers, remain below their December 2019 share prices
19 May 2021 - 17:23
In his 1986 letter to shareholders Warren Buffett famously spoke of being fearful when others are greedy, and greedy when others are fearful. These words are as true now as they were then, and for the same reason: human emotion.
Much like a contagious disease, greed and fear can rapidly spread through the investment community, dominating decisions regardless of the underlying value on offer. The past year provides an apt example. ..
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