Algy's Investment Podcast
Anthony Bolton - Value Investing
Oct 2, 2023
In this engaging discussion, Anthony Bolton shares his remarkable journey as a fund manager at Fidelity, where he achieved a 19.5% compounded return over 28 years. He delves into the principles of value investing and shares insights on emotional stability and adaptability needed for contrarian investing. Bolton emphasizes the significance of long-term market analysis and the impact of diverse broker insights. He also navigates the complexities of investment decisions, offering personal anecdotes and exploring the challenges of the Chinese market.
37:25
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Quick takeaways
- Understanding stock market sentiment is crucial for value investing, as it impacts the perceived value and volatility of stocks.
- Successful contrarian investing requires patience, adaptability, and the ability to remain conviction-driven while responding to market changes.
Deep dives
Investment Strategy Focus
The importance of understanding stock market sentiment is emphasized, highlighting how it differentiates public market investments from private equity. This sentiment influences the perceived value and profitability of stocks, which can lead to exaggerated price movements. The investment strategy discussed involves capitalizing on stocks that are undervalued or overvalued, based on market trends and investor behavior. This contrarian approach allows for the identification of opportunities that others may overlook, focusing particularly on medium and smaller companies that are less popular among investors.
