Posts about Orbis Access Blog
Investing is a people business—and the best way to understand what we do is to hear it straight from those who live and breathe it. This month we feature the third and final instalment of our conversation with Dan Brocklebank – a Director of Orbis Access and the Head of Orbis Investments in the UK.
We love individual opportunities, where we uncover a unique idea that may be overlooked by other investors, and we also love clustered opportunities, where many companies with a shared trait all trade at low valuations. But we are especially drawn to investments that offer the best of both worlds—the company itself is attractive and so are its surroundings.
With this year’s Champion’s League well under way, fans have much to debate. Of Chelsea, Tottenham, Liverpool, Manchester City or Manchester United which English team will make it the farthest—and could that mean an appearance at the Finals in Kiev? Is Neymar living up to his £200 million pound price tag?
Buy low, sell high—a sure way to make money. But today, stockmarket valuations look high in several regions. When we look at the US market’s price-to-earnings ratio, the dominant valuation method, it has been this expensive only 12% of the time over the past 40 years. If we aim to buy low and sell high, what can we do when so much is already expensive?
With certain technology stocks performing robustly, many investors haunted by memories of the dotcom bubble have begun to raise their eyebrows. From the Nasdaq Composite’s peak in March 2000, it took 15 years for its price to exceed that level again.