Word on the Street

#319 Lessons from Brexit, Truss and Liberation Day

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Apr 24, 2025
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INSIGHT

Fund Managers Stick to Style

  • Most fund managers stick to their established investment styles even in choppy markets.
  • Only a small percentage tactically shift sectors based on changing economic conditions.
ADVICE

Hold Managers to Account

  • Hold fund managers accountable by focusing on their investment process rather than outcomes.
  • Question managers on why they own certain stocks and track consistency over time.
ANECDOTE

Intense Manager Accountability

  • Will Hobbs experienced a very intense session observing fund managers being held to account.
  • Managers face rigorous scrutiny and challenge in their investment decisions.
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