Opinion: Investor irrationality

Rationality is not always equity markets' strongest suit.
Publicly traded companies often experience unexplained or thinly
justified swings, leaving analysts and the media grasping for
narratives that provide some form of explanation for the
movements.
In (re)insurance these swings can be exacerbated by
investors' inattention to the minutiae of the sector.
Trading in Floridian carriers in the run-up to Hurricane Matthew
last September vividly illustrated this phenomenon.
As the storm approached,