Mobius: Why we need to get comfortable with volatility (especially in EM)

"Over the past few weeks, we've seen significant volatility in the markets, which has spooked some investors, but is also something we have become accustomed to. Markets generally (not only emerging markets) have become much more volatile during the last 20 years as a result of massive flows of money from not only institutional investors and long-only mutual funds but also hedge funds and high-frequency trading. We see such sell-offs as potential opportunities to pick up bargains in select stocks if, in fact, the prices move low enough to draw our interest. We have found, however, tha...