There are no “gurus” out there. The best of us are still mere mortals. We all see the same things. We just all interpret differently. Nothing goes on forever in the markets. All we want to do is how to invest by avoiding excessive risks and calculating the probabilities of various outcomes. Ouch! A dose of humility always helps in my work, admitting when I’m wrong, and moving on to the next position as fast as I can. This article from FMT may be of interest.
Here is a section:
According to Schroders Global Investor Study 2023 released today, a large number of respondents believe that a new era of policy and market behaviour has begun as a result of higher inflation and interest rates.
“This is in stark contrast to last year’s study when some respondents believed the market challenges to be a blip and predicted a quick return to the more benign, low-inflation, low-rate environment,” the study said. “As a result, 57% of Malaysian investors have already adjusted their investment strategies, and a third intend to do so.”
Schroders’s flagship study surveyed more than 23,000 people who invest from 33 locations globally, including Malaysia, Indonesia, Singapore and Thailand. The study also showed that Malaysian investors who rated their investment knowledge as “expert” were the quickest to react, with 89% of them having already adapted their strategy.
On the contrary, 47% of respondents who rated their investment knowledge as “beginner” have not yet adjusted their approach. Despite increasing concerns over the global economy, 92% of Malaysian investors expect returns to be either identical or higher compared to last year, compared to 87% globally and 90% in Southeast Asia.
“Strikingly, the majority of Malaysian investors expect annual returns of 12.4%, higher than the global average of 11.5%. This is also higher than the 9.46% annualised return of the MSCI World Index of global stocks between 1987 and September 2023.”
Group chief investment officer Johanna Kyrklund said the results of the study show that some investors are adjusting quicker compared to other investors.