It’s ingrained in human DNA to back the winners. Winners present the safer bet and offer investors safety and security. But as contrarian investors we do the opposite; we ‘zig’ when others ‘zag’.
In this short video from Livewire, Allan Gray Analyst Sudhir Kissun explains how we look to invest at the opposite end of the spectrum, in companies that are very disliked, because their share prices often get bid to well below what their intrinsic value might be.
Sudhir illustrates this with a company that has faced some major headwinds that we believe should blow over, thus offering long-term value for our clients. Watch now.
Video published 3 December 2019
Past performance is not a reliable indicator of future performance.
There are risks involved with investing and the value of your investments, including in the Allan Gray Funds,
may fall as well as rise. This article represents Allan Gray's view at a point in time and may provide reasoning
or rationale on why we bought or sold a particular security for the Allan Gray Funds or our clients.
We may take the opposite view/position from that stated, as our view may change.
This article constitutes general advice or information only and not personal financial product, tax, legal,
or investment advice.
It does not take into account the specific investment objectives,
financial situation or individual needs of any particular person and may not be appropriate for you.
Before deciding to acquire an interest in the Allan Gray Funds or making any other investment decision,
please read the relevant disclosure document available on this website.
We have tried to ensure that the information in this presentation is accurate in all material respects,
but cannot guarantee that it is.