The Unwinding of Globalization, Fallen Angels, & Behavioral Alpha

Jordi Visser

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Below is an excerpt from President and CIO Jordi Visser's recently published whitepaper, "The Unwinding of Globalization, Fallen Angels, & Behavioral Alpha." You can access a full copy of the document by clicking here.

During my career, I cannot remember a year quite like 2018 that ended so vastly different from the expectations set in January. 2018 surprised almost everyone and many investors are searching for answers. The facts are that asset prices are lower and visibility for investors and corporations going into 2019 are more uncertain than they appeared to be at the beginning of 2018. Confusion creates anxiety but importantly offers opportunities for those able to control their emotions. This paper is my perspective on what happened this past year and why, in my opinion, this is an inflection point similar to 2008 where investors will need to once again check their cognitive biases at the front door and be ready for a new environment going forward. Read more.

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Important disclosures: Disclosures: This content (the "Insights Page") is provided by Weiss Multi-Strategy Advisers LLC ("Weiss"). The views expressed on the Insights Page are for informational purposes only and are subject to change without notice. Information on the Insights Page has been developed internally and is based on market conditions as of the date of the original post on the Insights Page from sources believed to be reliable. Nothing on the Insights Page should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to buy or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. Please consult your own advisers regarding business, legal, tax, or other matters concerning investments. Weiss has no control over information at any external site hyperlinked on the Insights Page. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement or ongoing monitoring by Weiss of any hyperlinked site. Investing in securities is speculative and involves substantial risk of loss.