Secret’s out! David Herro reveals sure-shot way to achieve investment success – What drives investment success

Herro says during his career of more than 35 years there has been no shortage of macro events like wars, banking crisis, regional economic crisis, pandemics, that have caused large disturbances in global equity markets.

Although there are no two events that are ever alike, macro events cause similar share price reactions as investors tend to act in a synchronized, knee-jerk fashion because of unknown fears that these events precipitate.

“As more of the “unknowns” become “known,” equity prices often recover. Investors also like to replicate past behavior, despite circumstances differing for each macro event. Despite these differences in circumstance, we see no investor behavior change. We believe this provides an opportunity for the true long-term investor,” he says.