Exciting times if you back yourself

Paul Moore

PM Capital

I just came back from a Europe research trip and the general business environment looks OK – there is light at the end of the tunnel. But the ECB continues to drive quantitative easing and all it seems to be doing is affecting European bank liquidity (RBA take note?). It seems to me that the market isn’t positioned for the business environment improving. The market is stretched – some sectors are very expensive, others very cheap. Middle of the road investors are going to find it hard, but exciting times for those ready to back themselves. 


Paul Moore
Chief Investment Officer
PM Capital

I'm PM Capital’s founder, CIO, first investor in our Global Companies Fund and its portfolio manager since its inception in 1998. Across all of our funds we invest independently, with integrity and in the best interests of of our co-investors.

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