A Contrarian Approach During Covid-19

While many investors focus on buying the big winners, contrarians look for hidden gems - Orbis's Ben Preston backs companies whose share prices don't reflect their true value

Annalisa Esposito 29 May, 2020 | 10:20AM

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The world is facing unprecedented times. With no indication how soon a vaccine will arise or global economies will recover, investors must work out how best to deal with the uncertainty.

Ben Preston, co-manager of the Silver-rated Orbis Global Equity fund, says investors have two options: take a crystal ball out or take his approach. “I prefer to look at one company at a time, evaluate its strengths and weaknesses, and assess its intrinsic value,” he says. “This gives us a balanced portfolio, which is not dependent on one particular view of the future.”

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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