Mozart your view on Value Investing (Intrinsic) an article by Allan Gray, Orbis

An article published by Orbis that makes good sense and integrity to me.

Maybe you would like to comment.

Allan Gray | Orbis: Is value investing dead?

I am a fan of Allan Gray. Value investment to me is the way to go. This has been Alan Gray:sbedrock philosophy and a major factor in their success story.

Locally Alan Gray have become probably become too big as its difficult to beat the index when you are a large part of the index. That said Alan Gray and Corination are are great investment Houses. 

Orbis is their overseas flagship and Allan Gray have spent heavily on getting them to perform. 

The world is an uncertain place so no short term flirtation on the market for one thing.

Look forward to Dr Moz's comment as he knows what he is talking about regarding investments even if he battles assessing locks! 

Thanks for your input. Yes balance for your core and diversity is the wisest procedure.

It all depends on your risk profile and tolerance.

In your case you probably have more risk tolerance than the average investor and manage your own portfolio as you have good knowledge and time to do it.

Very few people can trade and stag shares...it's to be avoided by the average man in the street at all costs...when a good thing becomes knowledge to Mr Joe Citizen it's time to sell.

Kennedy's father Joe (the Bootlegger and US Ambassador to England) was told by the cheeky lift boy on his way up to his office to buy a certain holding. This was prior to the big crash in 1929/30.

Kennedy did not say anything but when he got to his office he called his stock broker at once and told him to sell immediately...the stock broker was startled and asked him why. He said don't argue just do it. The next day those stocks fell and he got out in the nick of time.

When he was asked how he knew, he said; "When the lift boy starts telling you about certain good shares that are boiling, it's time to get out "

Too true, it's the herd factor, you must find a "good thing" yourself, long before the Warren Buffet's start advertising this advice.

The best for the average and busy business person and unrelated professional is to find good fund managers, collective investments (growth funds) like Allan Gray and few others.

I trust AG because of their solid record and professionalism. The late Allan Gray was an amazing man an investment genius and a man of high principals and integrity. His example set the standard in his company and permeates into his fund managers. It's a high quality company.

Good advice Chabal.....investing and human nature are not natural bedfellows. Most people are better off in the hands of competent professionals.