Comment / Against the odds: AP Møller-Mærsk – confirmation bias rules

There is an old unwritten law in financial circles according to which the soundness of any event-driven stock pick boils down to confirmation bias, one day after another, over the short term – leading to sustained momentum if the upside becomes crystal clear for market participants.

Often prolonged stock market strength is helped by friendly tailwinds, of course, on top of solid fundamentals.

And then it can also be propelled by a management team who – in the right place at the ...