Articles tagged as "investment process"
Navigating investment challenges: The interplay between skill and luck
Decision strategist and best-selling author Annie Duke advises focusing on a good process when trying to make the best decisions in highly uncertain scenario...
Personal reflections on what makes a great asset manager over the long term
Given that we are in our 50th year of existence, Duncan Artus, who has been working at Allan Gray for over 22 years, reflects on what he believes makes a gre...
Investment lessons from the Springboks
With the Springboks having successfully kicked off their Rugby World Cup title defence campaign in France, Braam Visser draws some interesting parallels...
The equity core that powers our business
As we celebrate our 50th anniversary this year, we naturally reflect on the history of the firm and the important milestones we reached along the way. Nick...
The evolving role of balanced funds
Tamryn Lamb looks at the important role balanced funds have played in your portfolio over time, the returns they have generated and the variability of these...
The importance of alignment
We believe that the price you pay an investment manager for managing your money should be aligned with the value they create for you over the long term. Sale...
Is there value in our investment style?
Understanding your investment manager’s style may give you a deeper appreciation of how they will perform in different circumstances, and therefore help you...
Our take on the “shrinking” JSE
Several high-profile delistings over the recent past have spurred market commentators to discuss the JSE’s “slow death” in the context of a struggling local...
Investment lessons from a pandemic year
A year on from our stringent Level 5 lockdown, much of 2020 seems surreal. While there are many aspects we may prefer to forget, reflection reveals valuable...
Podcast: A candid conversation with Orbis' Adam Karr
Taking a long-term, contrarian approach has influenced every aspect of how we invest and do business at Orbis and Allan Gray. From the way the firms are...
Understanding investment accounts
Making sure that you choose appropriate investment accounts for your various financial goals is an essential part of the investing process. In the third of s...
Choosing an investment manager
South African investors have access to a wide range of investment managers with different styles and areas of expertise. Narrowing down your options can be a...
Is your trust in your investment manager well placed?
It has been a volatile six months in the markets, following a five-year period of disappointing equity returns. At times like these, it is understandable for...
Allan's legacy: Investment thinking
Our founder, Allan Gray, developed the distinctive investment philosophy that has been in place since Allan Gray and Orbis were founded. He also had an...
Two decades for the Allan Gray Balanced Fund
The Allan Gray Balanced Fund celebrated its 20-year anniversary on 1 October 2019. The local industry looks vastly different today to how it looked two decad...
Orbis: Is value investing dead?
Over multiple decades, the traditional value approach of buying cheap stocks has worked remarkably well. Over the last decade, it hasn’t, leading an...
Are you comfortable swimming against the tide?
Allan Gray and our offshore partner, Orbis, describe our shared investment approach as “contrarian”. “Contrarian” is usually defined as “opposing or rejectin...
Mindful of risk
Uncertain times may cause investors to shy away from risk. While it is important to be mindful of risk and understand the risks you are taking on when...
Will Value ever be fashionable again?
Fashion trends tend to move in cycles. Anyone who lived through the 1990s and kept wearing their Doc Martens and bright neon colours would have spent 25 year...
Managing risk through our investment process
Our primary objective is to build long-term wealth for our clients. To do this, we balance investment performance with the risk incurred in generating this...
How to select your asset manager
Past performance is often the first, and sometimes only, consideration investors make when selecting an investment manager. However, performance is just one ...
Long-term investing should have nothing to fear from the Viceroys
Activist short sellers have been a prominent feature in stock markets for many years. It’s easy to get caught up in the hype when their ideas hit the news....
An investment case for Life Healthcare
Recent news about private hospital operator Life Healthcare’s international investments has created negative sentiment about the company’s ability to allocat...
What to focus on when choosing shares and other assets
How do you distinguish a good investment from a lemon? And how do you create a well-diversified portfolio? Listen to this 15-minute interview on PowerFM...
Orbis: We welcome the rise of passive investing
The Wall Street Journal ran a series this month commemorating the rise of passive investing. The articles make ‘the case for the triumph of passive’, calling...
How to select an investment manager
Focusing on past performance is often the first and only port of call for investors when trying to differentiate between investment managers. But there is no...
Orbis: Not just looking for cheap stocks
Our investment approach, which we share with our offshore partner Orbis, is sometimes characterised as ‘looking for cheap stocks’. Jeremie Teboul from Orbis...
Nuanced numbers and valuation pitfalls
We pick shares for client portfolios following a rigorous, bottom-up, fundamental research process. This involves, among many other considerations, the caref...
Investing tutorial: Our approach to value investing
Our investment philosophy and process is so much part of our DNA that we forget not all clients are familiar with what we actually do and how we make our...
Asset allocation: Top down, or bottom up?
Within a multi-asset class balanced portfolio , there are different ways to manage the asset allocation. Some managers prefer to follow a ‘top-down’ strategy...
Analysing your fund's performance
Regular readers of our Quarterly Commentary will know that at Allan Gray we are focused on generating superior returns for our clients over the long term. On...
