The power of perspective in an expensive market

Historically, every decade has its “poster child” asset class. In the 70s it was gold, the 80s Japanese shares, and materials shares in the noughties. At the recent Allan Gray webinar, Perspectives and positioning for 2022, Ben Preston, portfolio manager at Orbis, explained why the present US market is no different, with the popular and expensive technology stocks driving uncharacteristically high valuations last seen during the dot com bubble. He also delved into some of the exciting pockets of opportunity for contrarian, valuation-oriented investors. Watch the 20-minute recording below. For additional insights, you can view a recording of the local and global Q&A session with Allan Gray portfolio manager, Tim Acker, here.