"The US has a disproportionate lock on the world economy. People look to the US first."
Alan Siow, portfolio manager of Emerging Market fixed income at Ninety One
“From the psychological analysis of what expertise is, it’s very difficult to imagine that you can develop true expertise in say, predicting the stock market. But you cannot, because the world isn’t sufficiently regular for people to learn rules. However, that doesn’t stop people from confidently predicting financial outcomes based on their experience.”
Daniel Kahneman, behavioural economist and Nobel Prize winner
“Inflation has been a little naughty, but not entirely misbehaved.”
Peter Kent, portfolio manager at Ninety One
“The single best advice we have in framing is broad framing. See the investment decision as a member of a class of decisions that you’ll probably have to take.”
Daniel Kahneman, behavioural economist and Nobel Prize winner