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Orbis Investments

Orbis brings Australian investors the expertise of a team of over 60 investment professionals located around the world, allowing clients to benefit from a truly international perspective from a firm whose results have stood the test of time.

At Orbis, we know there’s value in being different. By thinking differently than the crowd and focusing on the long term, we can reap the rewards that average investors typically miss out on. Our flagship Global Equity Strategy has significantly outperformed the benchmark for over 25 years by doing just that.

There’s Value in Being Different

We view the world and the market through a contrarian lens; understanding that often the best long-term investment value can be found in areas of the market out of favour with most investors. Our hunt for these ideas takes us away from the crowd, resulting in Funds that can look very different from their benchmarks. This doesn’t worry us – we are comfortable being uncomfortable because we are confident that this approach will create long term rewards for our clients, as it has done for over 25 years.

It Pays to be Patient

Our nearly three decades of investing has taught us that it pays to be patient. There’s a lot of short-term noise in the market but we ignore it, staying focused on a company’s intrinsic value. It can take up to five years or even longer for our views to play out. But as long as we have conviction, we stand by it.

We are Seeking to Find Hidden Value

We dig deep into the fundamentals of companies to find value others miss. We don’t start with a ‘top-down’ view of the market or specific sectors to find the best ideas; we stay focused on the detail.

Australian and New Zealand investors can access this deep global equity expertise through an Australian-registered Fund.

Visit orbis.com for more information.

The Orbis logo is a registered trademark of Orbis Holdings Limited and is used under licence.

 

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Latest sponsor articles

Do long-term investors need to care about the ‘next big thing’?

When we look back five years from now, which companies will we regret not having bought at today’s prices? The next opportunities come from focusing on the long term, not the next few months.

Dispelling the disruption myth

We tend to call any change a 'disruption', but the vast majority of so-called disruptive technologies are variations on a theme. Many innovations are really high-risk, low-probability investments.

How much will you risk to feel comfortable?

The market is asking how much are you willing to pay to feel safe, and the answer is: a lot. Perhaps a better question to ask is: how much are you risking in your quest to feel comfortable?

The flaw in 'value' index funds

When researchers identified the benefits of investing in 'value', index providers and asset managers created products to harness the 'value' factor. But is the construction of the index correct?

Charles Dalziell on life as a contrarian investor

How does a style that relies on investing in stocks the market dislikes sustain itself over time, when inevitably investors go through difficult markets until the value is realised? It’s not an easy way to run a fund manager.

What game is your fund manager playing?

Investors do not ask enough questions of their fund managers before they commit money. It's worth at least knowing whether a long-term view is taken rather than the easier road of jumping in and out of markets.

Is 'shaken and stirred' coming? The risky business of bonds

Bonds have performed well for most of the last 30 years with a tailwind of easing liquidity, but the current high prices makes them vulnerable to losing their protective qualities.

Should you be a value or growth investor?

The idea that stocks should be divided into growth and yield categories diverts us from fundamentals. Intrinsic value eventually manifests in higher cash flow, whether or not share price appreciation anticipates it.

Why stock selection beats macro forecasting

Macro trends are almost impossible to forecast, and picking undervalued shares with an eye to the long term is a better way. But often, stock selection requires resilience in the face of criticism.

Sponsor White Papers

Allan’s Legacy - Investment Thinking

Orbis founder Allan Gray's distinctive investment philosophy has been in place at Orbis since inception. This paper highlights a small selection of the investment insights that have resonated most with those who worked with Allan over the years.

Active Management: A Practitioner’s Perspective

The chorus proclaiming the “death of active management” has grown louder in recent years and there has been a massive shift of capital out of active and into passive strategies.

Value and Growth Investing in Perspective

If value investing works so well over the long term, why has the performance of value shares been so dismal over the past five years? We look at the historical relationship between and value and growth shares.

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11 lessons from my lousy $50K profit on Afterpay

Afterpay listed at $1 in 2016 and traded recently at $70. How should an investor treat a small holding in a 70-bagger when each new level defies the experts? Should true believers let the profits run?

How much bigger can the virus bubble get?

Stocks have rallied hard creating a virus bubble, but will this run for years or collapse in a matter of months? The market is giving a second chance to leave so head for the exit before there's a rush.

Share trading is the new addiction

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What is happening with SMSFs? Part 1

Taking a realistic view of the median ‘operating expense’ of an SMSF shows they cost less to run than previously claimed. Look at this granular breakdown and see how the costs of running your SMSF compare.

New ways for listed funds to fix their price discounts

Running a fund should not become a gravy train for boards and investment managers. It is time to address the persistent discounts to NTA on LICs, and there is one especially exciting new structure.

Howard Marks' anatomy of an unexpected rally

Markets can swing quickly from optimism to pessimism, and while there are more positives now than in the bleak early days in March, the market is ignoring many negatives. Risk is not rewarded at these levels.

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