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.