Intro

This week we’re joined by Sean Peche, who you may know as a founder and portfolio manager at Ranmore Fund Management here in London, or from his popular content on LinkedIn.

From either, you’ll know that Sean is not afraid to share his mind through thought-provoking commentary in his signature slightly cheeky style. Sean is also passionate about value investing so it was natural for us to grab him on the pod. Sean’s investment career began in South Africa in 1997 when he joined Old Mutual as an equity analyst. In 1999 he then joined Decillion Capital as one of its founding members and co-managed their successful Big Rock fund – a South African based hedge fund. In 2001 he relocated to London with Decillion to co-manage a US European hedge fund. He left them in 2003 to join Orbis Investment Advisory, before then leaving again to establish Ranmore Fund Management in 2008.

In today’s episode Juan and Simon Adler sat down with Sean to discuss the art of communication and building a first-class LinkedIn following, including going toe-to-toe with other thought leaders like Terry Smith, the importance of numbers before narrative, the characteristics of a value manager in today’s world, recency bias in today’s market and how market participants get financial concepts like diversification wrong, and the future of active and passive.

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