Originally posted on 7 July 2011
John Grenshaw posted a blog on our site on the 17 June which referred to an article by Ross Gittens in the SMH. The article highlighted the role of the media in driving investor sentiment. My general view is that investors are too focused on short term performance, media noise and “perceived” factors “likely” to affect future performance. These factors often have little to do with the fundamentals driving the economies and investment performance.