Crisis? What Crisis?

While the world around us feels like it is falling apart, you might be forgiven for missing the fact that many investment markets, including our own, have mostly recaptured losses and in some cases are making new highs. How can the value of assets such as equities fall by 40% and then fully recover, all within a matter of weeks? The past few weeks and months have exposed the fragility around investment markets – not necessarily the fragility of assets themselves, but that of the investors who are ultimately determining their prices.

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