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Mark Mobius says market volatility driven by election uncertainty, everyone emotionally involved

Addressing the substantial outflow of Foreign Institutional Investor (FII) money, Mobius noted that the uncertainty surrounding election results is causing FIIs to pull out money

May 15, 2024 / 14:39 IST
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One must observe emotions, understand crowd behaviour, and use that understanding to make investment decision, Mark Mobius said
One must observe emotions, understand crowd behaviour, and use that understanding to make investment decision, Mark Mobius said

Renowned emerging markets investor Mark Mobius has attributed the current market volatility to election uncertainty, emphasising that elections significantly impact the market as people closely monitor the outcomes. In elections, everyone is involved emotionally to some degree, said Mobius in an interaction with CNBC-TV18.

He said this emotional reaction in the market presents opportunities for investors. "If you see markets driven by emotions, you should do the opposite. If everyone is selling, you should buy, and vice versa," Mobius advised investors.

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Expanding on his view that "emotion is the potion," Mobius explained that markets are influenced more by emotions than by intellect or rationality. "One must observe emotions, understand crowd behaviour, and use that understanding to make investment decisions," he said.

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