Value

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Blog

20AUG 2019

Why we chose not to jump on board Thomas Cook

As Thomas Cook’s shares grew cheaper and cheaper, two rounds of research raised a number of ‘red flags’ that, for us, made the travel giant unattractive as an investment no matter how low the share price went

2019

AUGUST

06AUG 2019

Blog

On the Spot: Q&A with the Value Team Q2

Value fund manager Nick Kirrage answers the questions that you asked

JULY

25JUL 2019

Blog

The behavioural finance issues illustrated by the Chernobyl TV series

The recent Chernobyl TV miniseries showed senior officials committing a number of the sort of behavioural mistakes that investors can all too frequently make

16JUL 2019

Blog

Value investing dead? Four reasons why that just isn’t the case

Growth investing has outperformed value for such a sustained period of time there is a growing body of opinion that value as an investment strategy may be ‘dead’. Here are four reasons that view is wrong

JUNE

25JUN 2019

Blog

Can value investors profit from tech companies?

Markets tend to overestimate the change that can happen over the short term and underestimate the change that can happen in the long term – which is great news for patient, value-oriented investors

MAY

31MAY 2019

Blog

The instinctive biases investors must beware – Part 2: Cognitive errors

The many behavioural biases hardwired into the human brain that investors need to beware of split roughly into ‘emotional biases’ and ‘cognitive errors’. Here we run through the principal examples of the latter

28MAY 2019

Blog

The medical advice all value investors should follow

With medical students just as prone to behavioural biases as anybody else, a couple of pieces of advice doled out to budding doctors should be of interest to investors too

14MAY 2019

Blog

The three reasons value investors will sell a share

Professional investors can be surprisingly unstructured about why they sell their shareholdings – and yet a disciplined process is every bit as important here as on the buying side of the investment equation