Do market fundamentals still matter?

In a perfect world, investment decisions would be made by rational investors on the basis of market fundamentals. But in reality, errors, bias and political interference are major obstacles.

Later this month, at a conference organised by a global asset management firm, I will be participating in a debate on the moot that investment markets are driven by factors other than financial fundamentals. So far, all I know is that I will be arguing the case for the affirmative. However, I am yet to formulate my arguments properly so I thought I will use this column to give it a first go -- and see whether readers might have even better ideas.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles