Allan Gray Quarterly Commentary

2015 Q2 Comments from the Chief Operating Officer

The Greek crisis dominated the headlines for much of the second quarter, along with the slowdown in growth and massive stock market volatility in China...

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2015 Q2

Insights categories - Markets and economy

Secular stagnation: The new normal?

By Sandy McGregor on 30 Jun 2015

Reading time: 11 mins

Economists are engaged in an interesting debate about economic growth and what has been described as 'secular stagnation'. The issue has received widespread...

Insights category - companies

Manufacturing in meltdown

By Simon Raubenheimer on 30 Jun 2015

Reading time: 13 mins

The manufacturing sector is currently in a woeful state. Simon Raubenheimer discusses why we are where we are. 'The Board of Directors has taken the decision...

Insights categories - Offshore investing

The case for active management

By Matt Adams and Adam R. Karr on 30 Jun 2015

Reading time: 9 mins

It is popular these days to talk about how difficult the past several years have been for active managers. In a sense, however, active management is always...

Insights categories - Investment insights

The upside to downside protection

By Shaun Duddy on 30 Jun 2015

Reading time: 10 mins

Warren Buffet famously said that there are two rules when investing, 'Rule No.1: Never lose money, Rule No.2: Never forget rule No.1.' Shaun Duddy discusses...

Insights categories - Investment insights

What is a PE ratio?

By Wanita Isaacs on 30 Jun 2015

Reading time: 4 mins

Central to our investment philosophy at Allan Gray is buying shares that the market has priced below what we believe they are worth. We then sell these share...

Insights categories - Corporate citizenship

Allan Gray Orbis Foundation: A decade into the journey

By Anthony Farr on 30 Jun 2015

Reading time: 7 mins

Ten years ago, in July 2005, the Allan Gray Orbis Foundation journey began. On reaching this milestone, Anthony Farr reflects on progress so far, acknowledgin...

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