Investment insights

Our unwavering commitment to the same investment philosophy, through turmoil and triumph over four decades of investing, is what makes us different. Here we offer some insight into how we think about investing and our investment process.

Articles in "Investment insights"

Is the US headed for a market meltdown?

By Vuyo Nogantshi on 11 Nov 2019

reading time: 4 mins

As the S&P 500 and Nasdaq seem set to continue to record new highs, some market analysts believe that the current raging US bull market may be in for a nasty...

Are you comfortable swimming against the tide?

By Radhesen Naidoo on 28 Oct 2019

reading time: 7 mins

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

By Nadia van der Merwe on 28 Oct 2019

reading time: 9 mins

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...

A matter of index

By Tebogo Bore on 07 Aug 2019

reading time: 4 mins

When evaluating an investment, performance is often top of mind for would-be investors. The next consideration should be how well the investment stacks up...

Managing risk through our investment process

By Nathan Wridgway on 10 Jul 2019

reading time: 3 mins

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...

Is your portfolio overly concentrated?

By Vuyo Nogantshi on 30 May 2019

reading time: 6 mins

South Africa has a relatively small equities market with a handful of dominant shares, spread across a few sectors, which are available to invest in. This...

Investing in the rise of electric vehicles

By Sibabalwe Kasi on 10 May 2019

reading time: 5 mins

The consumer appeal of electric vehicles has increased over the last 10 years, with manufacturers in a race to ramp up development and production of...

Our approach to portfolio construction

By Stephan Bernard on 08 Apr 2019

reading time: 3 mins

Our investment approach is simple: We do careful research to identify good value businesses, buy shares when they trade below our assessment of fair value an...

Orbis: Think like a business owner

By Rob Perrone on 02 Nov 2018

reading time: 5 mins

Say you own a small stake in a company. Every day, one of your partners tells you what he thinks the business is worth, and he offers to buy your stake or se...

Executive remuneration: Skin in the game

By Pieter Koornhof on 17 Oct 2018

reading time: 9 mins

At Allan Gray, we think carefully about the executive remuneration policies of companies in which we invest our clients’ capital. Why is this a worthwhile...

Skilled Investing: Separating the wheat from the chaff

By Vuyo Nogantshi on 17 Oct 2018

reading time: 7 mins

The difference between skilled and lucky investment managers is that over extended periods, skill should prevail in delivering good investment outcomes, whil...

How to spot investment red flags

By Duncan Artus on 03 Aug 2018

reading time: 5 mins

South Africa has been rocked by a series of corporate scandals in recent years that have sent the share prices of former blue-chip companies like Steinhoff a...

Do you enjoy pain? How about the platinum industry?

By Andrew Lapping on 30 Jun 2018

reading time: 9 mins

Over the past two years we have invested in certain platinum mining companies. These investments have performed extremely poorly. Andrew Lapping looks back a...

How to be a responsible investor

By Raine Naudé on 19 Apr 2018

reading time: 7 mins

Responsible investing has become a front-page issue in the last year as companies, investors and asset managers have had to respond to a number of ethical an...

Long-term investing should have nothing to fear from the Viceroys

By Leonard Krüger on 19 Apr 2018

reading time: 7 mins

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....

The value of bitcoin

By Jacques Plaut on 24 Oct 2017

reading time: 10 mins

The total market value of all bitcoins is US$80bn, which is more than the value of Richemont and triple the value of Anglo American. It is the topic on which...

LISTEN : Corporate governance and shareholder responsibility

By Richard Carter on 12 Jun 2017

listening time: 10 mins

What is the role of a shareholder and where does their responsibility end? Listen to this 10 minute interview with Andile Khumalo on PowerFM as Richard Carte...

Orbis: We welcome the rise of passive investing

By Ben Preston and Rob Perrone on 11 Nov 2016

reading time: 6 mins

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...

Nuanced numbers and valuation pitfalls

By Leonard Krüger on 30 Sep 2016

reading time: 8 mins

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

By Wanita Isaacs on 30 Jun 2016

reading time: 8 mins

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?

By Mahesh Cooper on 07 Dec 2015

reading time: 4 mins

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...

Building an investment team that thrives (not just survives) on generational transition

By Ian Liddle on 31 Dec 2012

reading time: 8 mins

We aim to provide you with benchmark-beating investment returns for at least the next 100 years. But we can succeed in this ambition only for as long as we a...

It is the price you pay that counts, not the headlines

By Andrew Lapping on 31 Dec 2011

reading time: 9 mins

People enjoy stories; they are fun. This is true in all facets of life, including investing. Investors often have stories to tell about individual equities,...

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