Gary Channon (Phoenix Asset Management) - Experiments In Value Investing
Far From The Finishing Post
00:00
How to Get the Bull's Eye Out of the News
When you have the weakest moments, they're affected by what's going on. O, they can't help but be affected. And so what happens? You get excesses of caution at those moments. Our process says, let's try and work out where the bull's eye is, and then we half it. That's the only piece of conservativism. We're trying to get it right. When we just had the covid we just moved the conservativesm up a notch. So instead of a half price, we wanted a third. But we weren't going to model different. Not i'm a bit more pessimistic. What gout ther son its put in this a seventh
Transcript
Play full episode
