Mark Levas From Komfie Manalo, Opalesque Asia:
Investors are faced with the constant problem of information overload and bombarded with incessant inflow of short term information that influences their long term perspective, declared Mark Levas, the Founder and Senior Managing Principal of the Olympian Group of
Investment Management Companies.
Levas made the statement at the latest Opalesque Florida Roundtable sponsored by Wells Fargo and Eurex. The Roundtable was attended by major hedge fund managers and took place on December 2012 at Wells Fargos Miami office.
"People continuously watch CNBC, they listen to Bloomberg, Fox or CNN - I mean it's unbelievable," Lavas said. He added, "For instance, I had an ultra high net worth client from the middle 1990s to last year, he could be an institution in himself. But, with the volatility we experienced in the summer of 2011, he just bloomed away. When I would call him, I heard CNBC blasting in the background. That is a serious problem. It really is, because not only is it information overload, but also mostly the wrong information. Many of those media the investors consume talk about the trading day, but the investor shouldn't be focusing on this type of information at all. But they do, and I believe this also......................
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