Video 4 - Value Perspective on: Risk

Nick Kirrage, Fund Manager, Equity Value

Value investors think about risk as the chance of permanently losing money

As value investors we believe there are 3 real risks – valuation risk which could lead to overpaying for an investment, balance sheet risk for example where a company has too much debt, or structural risk which result in the returns a company makes being lower in the future than they have been in the past.