Six great shares to look at now. London's best value investors share their best ideas.
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At £958 a pop, seats in the Queen Elizabeth conference centre for the annual London Value Investor’s Conference aren’t cheap. But after a day full of insights and specific investment ideas from the best in the value investing business, I didn’t hear any complaints.
Superbly facilitated, the full day conference is built around keynote addresses from leading proponents of the value investment craft who share their best ideas.
In the seven years since the conference started, around 100 stocks have been picked by the presenters. Although there were a few dogs among them, most of the recommendations have worked out well, some spectacularly so.
Clearly, times are tough in the value camp. Worse even than during the dot com boom. Back then criticism of this approach of buying stocks when they were cheapest, cheap resulted in even the Oracle of Omaha Warren Buffett was being publicly labelled a has-been. Opinions swiftly reversed after the Nasdaq bubble burst, with shares like Amazon losing over 90% of their value. But there’s no guarantee of a repeat anytime soon because, as the great economist John Maynard Keynes once quipped: Markets can remain irrational a lot longer than you and I can remain solvent.
This episode kicks off, as did the conference, with rock star fund manager Nick Kirrage of Schroders who showed us how value investing had underperformed alternative styles for the past decade…..As a result, 90% of equity investments has now switched into growth stocks, introducing enormous risk…
Superbly facilitated, the full day conference is built around keynote addresses from leading proponents of the value investment craft who share their best ideas.
In the seven years since the conference started, around 100 stocks have been picked by the presenters. Although there were a few dogs among them, most of the recommendations have worked out well, some spectacularly so.
Clearly, times are tough in the value camp. Worse even than during the dot com boom. Back then criticism of this approach of buying stocks when they were cheapest, cheap resulted in even the Oracle of Omaha Warren Buffett was being publicly labelled a has-been. Opinions swiftly reversed after the Nasdaq bubble burst, with shares like Amazon losing over 90% of their value. But there’s no guarantee of a repeat anytime soon because, as the great economist John Maynard Keynes once quipped: Markets can remain irrational a lot longer than you and I can remain solvent.
This episode kicks off, as did the conference, with rock star fund manager Nick Kirrage of Schroders who showed us how value investing had underperformed alternative styles for the past decade…..As a result, 90% of equity investments has now switched into growth stocks, introducing enormous risk…
