There are more and more 'angry societies' as countries increasingly look inward. Therefore investors need to consider such major trends when making long term decisions, said Michael Strobaek, global chief investment officer at Credit Suisse.
With the rising wave of protectionism, there are more and more"angry societies" as countries increasingly look inward.
"I do believe that you need to think — certainly if you are a long term buy and hold investor — you need to think long term and try and turn off the screens ... watch what's going to happen in this world," Strobaek said Wednesday at the Credit Suisse Asian Investment Conference in Hong Kong. It's crucial that investors think hard about broader developments he called"super trends.
"We are living through a time and period whereby democracies are undergoing fundamental challenges and changes," he added."And what it means is that ... countries will begin focusing themselves on themselves."
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