In this episode we welcome Andrew McDermott from Mission Value back to the Value Perspective. He’s here to help unpack the recent turmoil in the Japanese market that kicked off in early August. We discuss: whether anyone could have seen this coming; the concept of recency bias, especially during the latest downturn; strategies for managing portfolios in such extreme environments; the fascinating concept of convexity within equity investing; and finally the broader narrative around Chinese and Japanese equities. Enjoy!
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