Anton Tagliaferro says investors should avoid taking extreme views and ignore dramatic headlines in the press

Anton Tagliaferro says investors should avoid taking extreme views and ignore dramatic headlines in the press. The three pillars of his investment style revolve around capital preservation, reasonable growth and income - the trick is finding the right price. In his view, investors should expect returns from a share portfolio of between 8 - 12% in the medium term without having to take exceptional risks. Capital preservation in particular is a point that Tagliaferro says differentiates his investment approach. Since inception he estimates the fund has reported on approximately 180 months of performance. During this period IML has outperformed a falling market approximately 90% of the time. This compares to approximately 50% against a range of other prominent funds. Why the variation? According to Tagliaferro this is because IML retain to a true to label value approach to investing. Some weekend viewing including macro discussion and stock specific examples: