Orbis: Lesson from the past

Orbis: Lesson from the past

Adam Karr  - 06 May 2020

In this seven-minute video, Orbis portfolio manager, Adam Karr, draws on lessons learned in previous market crises to discuss the current environment and some of the recent activity in the Global Equity Fund.

Summary points

  • In times of uncertainty, it is vital to keep your eye on the horizon and take a long-term perspective.
  • Similar to the dotcom bubble, we have a two-tiered market today and the valuation gap is as extreme as we have seen it.
  • We are scrutinising balance sheets and finding opportunities in areas of the market where risk has been mispriced and in other areas where high-quality businesses have been unduly punished.

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

(a) I am not a South African citizen; or 
(b) I do not reside in the Republic of South Africa; or 
(c) I am not otherwise a person to whom the communication of the information contained in this website is prohibited by the laws of my home jurisdiction; and 
(d) I am not acting for the benefit of any such persons mentioned in (a),(b) and (c) and 
(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.


Please refer to our Cookie Policy for detailed information on the cookies we use and the purposes for which we use them, all of which are essential for the operation of our website.