Your portfolio
“People struggle to make good
decisions without information about
the risks they face. Selling makes
people feel better in the short term,
even if it is not the right move in the
long term,” adds Wiggins.
Equilibrium Asset Management
founder Colin Lawson explains
that, in environments such as this
one, where we are seeing massive
volatility, “our certainty takes a huge
bashing and our desire for control
leads us to take action”.
“The biggest example we have
seen of that has to be the bog roll
and pasta scenario we’ve got going
on at the moment,” he says. “We’re
thinking ‘what do they know that I
don’t? That seems a good idea, I’ll go
and stockpile too’. And, before you
know it, the shelves are empty.”
20 / 21
“People struggle to make
good decisions without
information about the risks
they face. Selling makes
people feel better in the short
term, even if it is not the right
move in the long term”
trustnet.com