Canadian value investor Larry Sarbit, chief investment officer of Sarbit Advisory Services, based in Winnipeg, recently wrote an article for The Global and Mail, in which he reflected on market volatility and its impact on investors.
The tumultuous return of volatility in the last few weeks, accentuated by a sudden, steep drop in stock prices, comes at an interesting time for me. I have been rereading The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb. As you probably have determined, the title gives a strong hint about our topic. And it has direct applicability to recent events in the market. I think we can learn a great from his perspective as it pertains to market behaviour.
Listen to our conversation with Larry about investing with an owner mindset.