Elon Musk himself is almost an asset class in his own right

“Irrationality should not be allowed to prevail in the capital markets.” Nevertheless, people tend to overestimate the significance of sensational headlines. “The amygdala thrives on crisis mode.” Investors lose money through hasty decisions and poor judgement.

INVIOS Managing Director Nikolas Kreuz has plenty of stories to tell about all manner of cardinal errors, in keeping with the motto: ‘Orange (Trump) is the new Angst’. ‘But one law remains paramount: everything returns to its intrinsic value. That’s what’s known as mean reversion.’

Another example of cacophony and market noise is SpaceX’s IPO: “Elon Musk himself is almost an asset class in his own right.” A symbol of FOMO, boundless overconfidence, and plenty of tall tales. In a market environment characterised by overshooting and positive trend indicators, Mr Kreuz advises broad diversification: “Solid shares remain the first choice. Holding cash in your account is a waste of money.”