“Investment decision making in the future will rely less and less on possessing an information edge since news travels faster than the speed of light and data is abundant. Decades of investing experience provides Deltec with an edge in deciphering the available knowledge leading to insightful perspective and alpha.”
Greg Lesko, CFA®
Managing Director/Portfolio Manager
In his classic spoof rock documentary “This is Spinal Tap”, Rob Reiner interviews lead guitarist Nigel Tufnel, of the namesake band, who shows off the band’s guitar amplifiers, pointing out that theirs “go to eleven”. Unlike normal amplifiers, the band’s volume knob goes to “11” rather than the customary “10”. According to the addled Tufnel, this makes theirs “one louder”. This scene reminds us of the investment environment in the third quarter of 2019. The geopolitical noise impacting markets was “one louder” than any similar period we can remember.