"In bubbles, investors treat the leading companies - and pay for their stocks - as though the firms are sure to remain leaders for decades. Some do and some don’t, but change seems to be more the rule than persistence."
Howard Marks, co-chairman at Oaktree Capital Management
“Gold is more like a currency than a commodity.”
Nicholas Hops, head of SA research at Coronation Fund Managers
“Tariffs are just a signal of non-competitiveness."
Nick Balkin, CIO at Foord Asset Management
“You honestly feel like you’re seeing stuff wrong sometimes. You have to check the scaling on your graphs because prices are moving so quickly. It’s just a constant stream of bells and popups on the desks right now. Automated messages like risk limits and risk alerts. It’s maximum overstimulation, maximum dopamine saturation.”
Joe Gilbert, portfolio manager at Integrity Asset Management