When the portfolio manager for the world's largest asset manager warns that, following a torrid market surge which saw virtually every major asset in January post positive returns, something which Deutsche Bank said had never before been seen, the market resembles a horror movie, it's probably a good idea to listen. Because that's just what BlackRock's Russ Koesterich has done in his latest blog post, asking "Have investors shifted market sentiment too quickly", and giving three specific reasons why that is indeed the case.
Here is Koesterich's take on why markets have gone from despair to euphoria in the blink of an eye, and why this signals that complacency is once again back.
Keep reading "Designing Data-Intensive Applications" - Start reading part 2 - distributed data which is focus on the distributed part.
Reading Grokking Algorithm to refresh my algorithm knowledge.
1. Reading: 60 minutes - O
2. Side Project(s): 120 minutes - X
3. Code Practices: 60 minutes - O
4. Exercises: 30 minutes - O
in order to be successful, the investment team must have (1) a strong philosophy based on commitment to a set of beliefs, (2) a clear approach in translating uncer- tainty into an appropriate risk/return trade-off, and (3) a comprehensive investment process from beginning to end.