Leyland's Look

Ben Leyland, manager of the JOHCM Global Opportunities fund, on why investors' "fear of missing out" is so dangerous. 

  • Ben Leyland
  • Robert Lancastle
18 Sep 2019
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View PDF   Download PDF  
  • For real world investors, risk is the danger of a permanent loss of capital, not the risk of failing to keep up with a benchmark.
  • The impact of bad days in global stock markets outweighs the impact of good days.
  • History suggests periods of suppressed market volatility, like 2016-9, are often followed by extreme dislocations.


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