The "greater fool" theory of investing

Many equity investors are hoping they will profit in a potentially overvalued equity market purely because there is a "greater fool" out there who will buy their holdings at inflated prices...

The attached article was written by Dr. Venkatraman Anantha Nageswaran, Chief Investment Officer at Julius Baer. He advocates continued caution in equity markets.

AttachmentSize
CIO Julius Baer.pdf392.13 KB

Comments

Related News

Allan Gray - GrayIssue no. 126

Anton Muller - Summary of current concerns by Ian Liddle, CIO of Allan Gray, suggesting a possible 'Bubble' in commodity prices.

Consider This - October 2009

Anton Muller - Attached is the latest 'magazine' from Prudential Portfolio Managers - It is a lengthy but VERY well written synopsis of the investment world as seen through their eyes...

...

Alec Hogg: Pricking share market bubble

Alec Hogg writing about the potential for a drawn out, lacklustre recovery to come...

Every executive team needs some "yes, but....." types. The pessimists who can't help raining on parades...