Expert Insights

One of the most fundamental principles of capitalism tells us that large am ounts of competition drives down returns. Investing is no different. Justin Koonin, Investment Analyst at Allan Gray, explains why they prefer a contrarian approach. "You're in a segment of the market which is not as competitive as others.... Show More

Justin Koonin

QBE Insurance Group Limited (QBE) is a large and complicated entity. In fact, the scope of the business and the nature of insurance make it quite hard to understand the business completely. This uncertainty creates buying opportunities, and as Graph 1 shows, the stock has been a large beneficiary of... Show More

No comments.