Lazard is confident on the themes that will shape the world over the next decade
Thursday 16 Apr 2020 Author: Daniel Coatsworth
Many investors are jumping on investment themes too late to make good money, or they are misunderstanding how you might profit from a theme. Steve Wreford, a portfolio manager at Lazard Asset Management, calls it a narrative fallacy. ‘You often hear fantastic stories about something that will happen but which is barely related to underlying investment returns. ‘Robotics is a good example. Yes, robots are going to be everywhere...