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Is It Bad for the Economy?
In the 1950s, there was not much of a wealth disparity like there is today. The income per household per capita in the US has gone up three times since then. But people are still feeling poorer than the 1950s due to asset inflation. And I'm surprised it hasn't happened sooner because, you know, your average voter should be really angry. Their real wages have been diminished for so long.
Trey chats with Dr. Graeme Forster. Together they discuss the success of legendary investors such as Jim Simons & Orbis' founder Allan Gray, Graeme's shift from mathematics to value investing, and much more!
Graeme is the Director and Portfolio Manager of Orbis, which currently manages around $30B.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:30 - Graeme’s journey from mathematics to value investing, & exploring legendary investors like Jim Simons.
26:14 - How Orbis’ founder and billionaire Allan Gray’s investing flexibility led to his success.
36:35 - How Graeme balances the macro with a bottoms up approach.
52:11 - A thesis which Graeme calls the Great Misallocation.
58:40 - How good & cheap companies outperform especially during bear markets.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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