396. What investors keep getting wrong about cycles
From FundCalibre - Investing on the go by FundCalibre
May 13, 2026 · 33 min
About this episode
Nick Clay discusses how emotional factors influence market cycles and the return of volatility.
Markets are often driven less by logic and more by emotion, and that pattern hasn’t changed despite decades of evolution in investing tools and technology. Nick Clay, manager of the TM Redwheel Global Equity Income fund, joins us this week to explore how cycles of greed and fear continue to shape market behaviour, and why volatility is returning after years of unusually stable conditions. We discuss inflation, AI-driven disruption, shifting definitions of quality and why valuation discipline ...
People in this episode
Guest: Nick Clay
Topics covered
- market cycles
- investing psychology
- volatility
- inflation
- AI disruption
Keywords
- market behaviour
- greed
- fear
- valuation discipline
- investment tools
Mentioned in this episode
Organizations: TM Redwheel Global Equity Income
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