CIO Insights - Key investment convictions for the short and long term
Wednesday 11 July 2018
Research / Market
Key investment convictions for the short and long term
Long-term investing is about the belief that fundamental value exists and that asset class returns tend to mean revert to their equilibrium level and rotate around it, within regimes. Every regime is defined by its mean/equilibrium, based on economic and credit cycles (and depends on a number of factors, including monetary and fiscal conditions). Detecting market inefficiencies and misalignments around these trends is the essence of active management ...