Early in my investment management career, I was taught to design long-term investment portfolios as a pyramid. A solid foundation of secular and structural positions, with a much smaller opportunistic and tactical top. In other words, construct a durable structure that could mostly resist unsettling market volatility and navigate economic and geopolitical shakes.
Today, this once-reassuring construction seems to have become gradually inverted: a shrunken secular and structural base now has to support a larger opportunistic and tactical top. It is one that, having proved extremely resilient, is now fuelling a debate between those worried about bubbles and those comfortable that structural reinforcements are just around the corner. Secular investments play out over time, powered by a maturation of the underlying return drivers that provide for greater investor adoption. It is the sort of process that is now being demonstrated by artificial intelligence-focused chipmaker Nvidia, which has become the market’s darling. The underlying driver there is the potential for large-scale application of an innovation in which the company holds a dominant role at present. The turbo charger of its stock price is the change in its shareholder base from a few highly sophisticated investors to wider buying by the investing public
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Scottish land market showing signs of investment slowdownTHE Scottish land market is showing signs of a slowdown after a substantial increase in its value in recent years - due to demand from commercial…
اقرأ أكثر »
Investment advisors pay the price for selling what looked a lot like AI fairy talesSEC bags $400K in settlements
اقرأ أكثر »
A $74 Billion Investment Plan for the UK's Energy SystemThe UK's power systems operator is proposing a planned investment of $73.6 billion in the energy grid to meet growing demand.
اقرأ أكثر »
Investment to cut waiting times for family law cases welcomedA £170 million cash injection into the justice system has been cautiously welcomed by a Shropshire legal expert.
اقرأ أكثر »
Saudi Arabia’s investment fund has been set an impossible taskIt must earn eye-watering returns while speeding the shift to a post-oil economy
اقرأ أكثر »
Calls for further investment in city's roads after £3 million plan announcedNottinghamshireLive readers have been debating the recent announcement of a £3 million investment on major A-roads
اقرأ أكثر »