The Bid
198: The Case For Active Equity Investing – A Fund Manager’s Perspective
Oct 25, 2024
In this discussion, Alister Hibbert, head of BlackRock's Strategic Equity Team, shares his expertise in active equity investing. He explains how strategic, informed decisions can help investors outperform the market. The conversation dives into finding companies with long-term growth potential, using Bernard Arnault and LVMH as a prime example. Alister emphasizes the importance of patience amid market volatility and explores how macroeconomic factors like aging demographics and AI influence investment strategies and opportunities.
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Quick takeaways
- Active equity investing entails a disciplined approach to identifying companies with strong competitive advantages and long-term growth potential.
- Navigating market volatility requires investors to focus on fundamental analysis and maintain a long-term perspective rather than reacting to short-term market fluctuations.
Deep dives
Strategic Equity Investing
Active equity investing requires a strategic approach that goes beyond simply picking stocks to outperform the market. Successful investors focus on identifying extraordinary companies that exhibit strong competitive advantages and sustainable growth potential over a long-term horizon. For instance, an investor might narrow their focus to about 50 companies out of thousands, selecting those with high barriers to entry and exceptional brand value, like luxury goods or established technology firms. By emphasizing long-term growth and value, active investors can capitalize on the unique opportunities present in the equity market over a five to ten-year period.
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