Mind of the Manager

"The awkward thing about speculative episodes is they rarely announce themselves as dangerous. They arrive as fun: a good story, a quick win, a phone passed across the table, a sense that everyone else is making easy money while you're still trying to remember your login details."

Dan Brocklebank, UK Head of Orbis.

"The market is so black and white, if you are an AI winner you get rerated quickly. If you are an AI loser, it is the complete opposite."

Antony Burgess, head of clients and investment specialists at Veritas Asset Management.

"Volatility is exhausting but creates opportunities over time."

Neil Padoa, head of developed markets at Coronation.

"While government debt suffers, credit investors are buying up corporate bonds, shrugging off the Iran war and focusing instead on robust results from blue-chip businesses."

David Rovella, managing editor at Bloomberg.

"The market is so black and white, if you are an AI winner you get rerated quickly. If you are an AI loser, it is the complete opposite."

Antony Burgess, head of clients and investment specialists at Veritas Asset Management.

"Volatility is exhausting but creates opportunities over time."

Neil Padoa, head of developed markets at Coronation.

"While government debt suffers, credit investors are buying up corporate bonds, shrugging off the Iran war and focusing instead on robust results from blue-chip businesses."

David Rovella, managing editor at Bloomberg.