The Emotional Investor

THE EMOTIONAL INVESTOR Economics tell us that, or assumes, that individuals (which includes investors) act in a rational manner – that they are fully informed and make logical, sensible decisions. The news of Altair Asset Management returning investor funds at an “overvalued and dangerous time in this cycle” sent a quiver through the investment community. Has this ever been done before? A fund manager, who by definition makes his living by managing funds, emphatically saying to investors the market is cooked and I can’t manufacture any further returns for you. See: Then this was followed up by the Australian Treasurer Scott Morrison terrifying markets with the dire warning of over Australia’s GDP growth forecasts. And then the barrage of Doomsayers started warning us of a property crash, another recession, interest rate rises, the systemic issues […] 150