If there is one thing the investment world seems to love, it is an acronym, writes Alasdair McKinnon, manager of the Scottish Investment Trust.
Recent financial history is littered with them - acronyms accorded to concepts once lauded as the next big thing, are now considered passé. For years, the technology sector has been a ripe breeding ground for this trend. Back in 2000, people invested heavily in technology, media and telecom stocks (TMT) stocks, driven by both hype and the lure of gains that TMT represented. Tech funds amass record $20bn in 2018 With the financial pages full of stories about TMT stocks, they felt left out. This led to emotional investment decisions and a classic investment bubble. And althou...
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