Friday Morning Coffee Nr. 86: Herd instincts

100120 Friday Morning Coffee

Friday Morning Coffee Nr. 86: Herd instincts

My co-manager Allan Jensen spent the first working days of 2020 at a broker conference in Copenhagen attending company presentations. We find these conferences useful not only for the easy company access they provide but also for taking the temperature on investor sentiment towards companies we hold in the portfolio. He had 2 interesting observations “people spend more time glaring at their phone or Bloomberg instead of listening. Equity stories taking more than 30 seconds to explain do not catch attention.”