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The Value Perspective

The Value Perspective with Django Davidson

Jul 22, 2024
Django Davidson, a portfolio manager and founding partner at Hosking Partners with a unique geography background from Oxford, shares his fascinating journey from banking to value investing. He delves into the Capital Cycle framework, explaining how it counters human biases in decision-making. Django contrasts active and passive investing strategies, emphasizing the need for long-term perspectives, especially in the tech sector. He also highlights the impact of market cycles and the importance of aligning client's goals with asset longevity to optimize investments.
51:20

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Employing probabilistic reasoning and psychological tools helps investors overcome biases for better decision-making in uncertain environments.
  • The Capital Cycle framework illustrates how capital flows influence industry returns, guiding investors to seek undervalued opportunities during downturns.

Deep dives

Navigating Decision-Making in Uncertainty

Decision-making in uncertain environments is a significant challenge faced by investors and professionals alike. This framework emphasizes the necessity of thinking in probabilities to navigate complex scenarios effectively. By employing probabilistic reasoning, individuals can better assess risks and make informed choices, rather than relying on gut feelings or biased perceptions. Psychological tools aimed at overcoming biases, such as confirmation bias or loss aversion, are essential in improving decision outcomes in these uncertain environments.

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