Paul Moore, Chief Investment Officer of PM CAPITAL, warns investors to ignore the noise in times of extreme market volatility. “Sometimes you’ve got to make sure you don’t let the market force you into panicking about short-term noise and hold your ground”. He gives the example of Lloyds Bank, which was trading at 72 pence at the start of the year, but had fallen to 55 pence by mid-February on the back on macro fears. When results were reported and management confirmed their thesis, the stock rose by 12% on the first day. “You get this crazy situation, where not only have the fundamentals not changed, but there’s been another tick confirming the thesis. Yet we saw a 30% price volatility during the month.” Watch the interview below to hear the full story.